By partnering with IBM, Enterprise Concept is now able to offer business solutions based on IBM Algorithmics award winning technology, giving companies a solid foundation for capturing the interactions between risk types and integrated risk management covering market, credit and liquidity risk. The main strengths of the Enterprise Concept reside in the capacity to design a system and infrastructure architecture that meets Solvency II requirements across all pillars, by: • Designing systems that reuse business rules and share common data across pillars • Deploying infrastructure that is sufficiently flexible and scalable to handle ad hoc requests from management and regulators • Providing a robust data integration, quality and control framework Being able to make the best possible decision during the current economic times has become critical for businesses wishing to strive through, especially in the financial industry. Instabilities in financial markets have placed Risk Management at an upper level of priority in financial companies’ decision-making processes. The insurance industry is expected to be compliant with Solvency II regulations by 1 January 2016 and there is a strong need for automation of various risk management activities, especially around complex calculations, optimization and reporting. Enterprise Concept’s integrated approach to risk management focuses on executing policies based on comprehensive risk measurements of the business processes. These policies include risk methodologies connected to capital management, pricing and performance measurement – constantly ensuring that risk is integrated and consistent with business strategies.

1. VALUE
Creating
T H R O U G H R I S K M A N A G E M E N T

2. SOLVENCY II
ABOUT
Enterprise Concept was founded in 2005, based on the beliefs of the
founders that they can help others create value and change the way
of doing business.
In order to set up the practice of those beliefs, the founders,
management and their followers embraced three major innovative
concepts: Decision Management System, Business Process
Management and Business Performance Management.
The practical aim has been to bridge the gap between management
consulting and technological execution and has transformed our
expertise into pure art.
WE CREATE VALUE, POWER AND
PERFORMANCE. We consider every single client an outstanding asset and a
pillar of our common development.
25companies have chosen us
Design and execution of smart processes have enabled
our clients to better mitigate risks and win opportunities.
140BPM projects implemented

3. SOLVENCY II
IMPACTW E C R E A T E I M P A C T T H R O U G H P R O C E S S M A N A G E M E N T D E S I G N
Enterprise Concept brings together a team of 32
Business - IT Certified Senior Consultants, trained to
provide Strategic Consulting Services throughout all
stages of implementation:
CREATING CONDITIONS
FOR SUCCESSFUL
IMPLEMENTATIONS Gathering 10 years of hands-on experience, the
company has evolved into a team of consultants
excelling at redesigning business models that
generate added value - by positioning technology as
the basic structure when creating BUSINESS LOGIC.
EMBEDDING DESIGN
THINKING IN BUSINESS
INCREASING VALUE
THROUGH OPERATIONS
BUSINESS
ANALYSS
BUSINESS
PROCESS
OPTIMISATION
CHANGE
MANAGEMENT
ENHANCED RISK MANAGEMENT SYSTEM
PLANNING AND BUDGETING
CLAIMS MANAGEMENT
MASTER DATA MANAGEMENT
CREDIT MANAGEMENT
CUSTOMER ONBOARDING

4. A. SOLVENCY II CHALLENGE
B. FINANCIAL MODELER
C. EC’S ADAPTIVE BUSINESS DESIGN (ABD©)
PRACTICAL ASPECTS FOR VALUE-BASED
RISK MANAGEMENT
METHODOLOGY
A B C

5. SOLVENCY II
THE SOLVENCY II CHALLENGE
“Solvency II is not just about capital. It is a change of behavior"
REQUIREMENTS
! Focus on addressing the wider
guidance around risk
governance and capital
management.
PILLAR III
 Aims to establish a revised set
of EU-wide capital requirements
and risk management standards
PILLAR II
# Fundamental review of the
capital adequacy regime for the
European Insurance industry.
PILLAR IThrough the harmonization of supervisory regimes.
DEEPENED EU MARKET INTEGRATION
Shift supervisors’ focus from compliance to insurers’ risk profiles
and quality of risk management and governance systems.
MODERNIZED SUPERVISION
Uniform and enhanced level of policy holder
protection across the EU.
IMPROVED CONSUMER PROTECTION
INCREASED INTERNATIONAL
COMPETITIVENESS OF EU
INSURERS
KEY OBJECTIVES

6. SOLVENCY II
&
HOW CAN ENTERPRISE CONCEPT HELP?
A successful partnership with IBM, the leader in
risk management solutions, enables us to
thoroughly respond to technical provisions and
capital requirements included in Pillar I.
AWARD WINNING TECHNOLOGY
More complex challenges stem from requirements of
Pillar II and III, which are fully addressed by
implementing R-ABD© information architecture.
RISK AGILE FRAMEWORK
ENTERPRISE
PERFORMANCE
MANAGEMENT
BUSINESS
PROCESS
MANAGEMENT
DECISION
MANAGEMENT
SYSTEMS
ADAPTIVE
BUSINESS
DESIGN
As a trusted IT advisor of large
companies, we are today in a
position of helping our clients
working in the insurance
business, by providing
integrated solutions addressing
all three pillars of Solvency II
1 2

7. SOLVENCY II
Bermuda
[1]
Brazil
[2]
Chile
[3]
China
[7]
Columbia
[1]
Hong
Kong
[3]
India
[5]
Indonesia
[2]
EMEA
Japan
[15]
Korea
[6]
Malaysia
[2]
Mexico
[2]
Pakistan
[4]
Peru
[2]
Singapore
[3]
South
Africa
[1]
Sri
Lanka
[1]
Taiwan
[3]
Thailand
[5]
USA
[3]
Uruguay
[2]
Vietnam
[1]
• Used by Tier 1 – 3 life insurers
globally, including new multi-
national clients
Belgium
[5]
Bulgaria
[1]
Cyprus
[2]
Czech
Rep
[1]
Denmark
[3]
Egypt
[1]
Estonia
[1]
Finland
[1]
France
[4]
Germany
[2]
Greece
[6]
Hungary
[3]
Ireland
[6]
Israel
[1]
Latvia
[1]
Lebanon
[1]
Lithuania
[1]
Lux
[1]
Malta
[2]
Netherlands
[13]
Poland
[2]
Portugal
[2]
Romania
[1]
Norway
[1]
Slovakia
[1]
Spain
[15]
Sweden
[2]
Switzerland
[2]
Turkey
[6]
UAE
[1]
UK
[19]
• Currently in use by
• 1000+ users
• 170+ companies
• 180+ locations
• 50+ countries
Italy
[1]
ArgenXna
[1]
PILLAR I: IBM ALGO FINANCIAL MODELLER1
AN IBM SOFTWARE DIVISION
CURRENT CLIENT BASE

8. SOLVENCY II
01
02
03 Cash flow Modelling
Regulatory Reporting
Business Strategy
IBM
ALGO
IFRS
SOLVENCY II
LOCAL STATUTORY
1
BUSINESS STRATEGY
PRODUCT PRICING
PRODUCT DESIGN
STOCHASTIC
2
ASSET & LIABILITY
EMBEDDED VALUE3
A calculation generation tool with a graphical
interface providing users with a flexible platform
to perform a wide range of actuarial focused life
insurance business functions.
WHAT IS IBM FINANCIAL MODELLER1

9. SOLVENCY II
STANDARD CODE RAPID MODEL DEVELOPMENT1
$
%
&
'
Standard
Code
Common
Calculations
Local
Ownership
Design
Ethos
Pre-built building blocks(routines)
Quick implementation
Standard Code
Core calculations, e.g. probabilities
Actuarial processes, e.g. PVFP
Generic products, e.g. term, UL,
annuities
Common Calculations
Local regulatory requirements
Local product variants
Treat “Common Code” as a starting point
Local Ownership
Use again and again
Optimal AFM coding
Easy customization
Design Ethos
INTEREST
'
!

(
)
#
$
EMBEDDED VALUE
AGES, DATES & DURATION
ALM
RESERVES
PREMIUMS
BENEFITS

#
EXPENSES
COMISSIONS
PROBABILITIES

10. SOLVENCY II
The Adaptive Business Design © (ABD) offers maximum flexibility
to a company to rapidly (re)configure and rethink business
processes and performance indicators.
ABD© brings an integrated risk-agile framework and is achieved
through definition and implementation of 3 interdependent systems,
supported by high-end technology:
ADAPTIVE
BUSINESS
DESIGN
Design of effective
business communities:
BUSINESS
PROCESS
MANAGEMENT
DECISION
MANAGEMENT
SYSTEMS
ENTERPRISE
PERFORMANCE
MANAGEMENT
Effective partnershis
clients, suppliers,
strategic allies
Design of
Transformational
Management
Systems
IT Supported
Revenue
enhancement
Design of
client centric
processes
Achieve Business
Objectives
(Strategy)
Balanced
Scorecard in
action
Design and
Implementation
of Decision
Analytics
Management
Systems
Value
Capture
Design of
Adaptive
Measurement
Systems
Design
Implement Change
AN ADAPTIVE AND RISK-AGILE FRAMEWORK2
1 – Strategic and operational KPIs, the results
of business activity
ENTERPRISE PERFORMANCE MANAGEMENT
2 – Decisions and associated costs
DECISION MANAGEMENT SYSTEM
3 – Flows that create business value
BUSINESS PROCESS MANAGEMENT

11. SOLVENCY II
*
+
$
BUSINESS PROCESS MANAGEMENT (BPM)
The BPM layer enables companies to easily design, monitor and change their processes, thus continuously focusing on
increasing added value and process controls. Process Management is a key prerequisite of efficient and effective governance
and qualitative measures.
ENTERPRISE PERFORMANCE MANAGEMENT (EPM)
The EPM component gathers, transforms and displays data and information collected in the processes
(BPM) or in other systems of the company, so that the most relevant indicators can be singled out, monitored
and improved. This applies also to all indicators targeted in Risk Management and supervisory interaction.
DECISION MANAGEMENT SYSTEM (DMS)
The results of BPM and EPM are then used to improve the decisional process,
which allows the decision-makers at all levels - and consequently the company -
to quickly identify and avoid risks, but also seize strategic and operational
opportunities.
AN ADAPTIVE AND RISK-AGILE FRAMEWORK2

12. SOLVENCY II
(
, $
&
There is not one solution which
fits all – companies need the right
partners to design an optimized
system.
CUSTOMIZED SOLUTION
Your business needs a system
which is both flexible and scalable
enough to deal with regulatory
guidance but able also generate
opportunities
FLEXIBLE AND SCALABLE
Choose ABD for maximum
flexibility to rapidly (re)configure
and rethink business processes
and performance indicators.
ADDAPTIVE BUSINESS DESIGN
Act now and start building the
program which provides the right
balance of costs and benefits.
.
ADDEDVALUE

13. SOCIAL MEDIA
CONTACT INFO
Tel: +0 371 464 524
Fax: +0 371 464 524
Email: officel@enterprise-concept.com
Web: www.enterprise-concept.com
ENTERPRISE CONCEPT
Strada Aviator Traian Vasile nr 58,
Sector 1, Bucuresti
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Twitter.com/enterprisebpm
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Linked.in/enterpriseconcept