MaRisk for insurance companies

Minimum requirements for risk management

Just as the banking sector is subject to qualitative financial supervision, insurance companies in Germany are faced with a new challenge with the introduction of the minimum requirements for risk management (MaRisk).

The following matters are of particular importance for the implementation of requirements in process structuring and risk management organisation:

• Risk strategy determination must be the responsibility of the management, as it also determines the business strategy.  
   
• A planning process must be implemented which covers all relevant risks and adjusts the company's risk strategy at regular intervals.   
   
• A concept for risk-bearing capacity is prepared based on a risk process: Analysis and identification of risks, evaluation/quantification, management e.g. using early warning systems, monitoring with suitable reporting.  
   
• The main requirements for the organisational framework under MaRisk are setting internal guidelines, describing the structure and organisation of operations, and dealing with particular issues such as introducing new products, outsourcing and emergency planning.

d-fine is here to help you solve these problems!  

Contact:

Alexander Schalk
Tel: +49 89 7908617-468