Going further with Solvency II – The Unipol Group story

With a strong commitment from the board of directors and Internal Control Committee, Unipol Group decided to meet the immediate needs related to Solvency II regulations while creating a broader, enterprise-wide source of process information. Unipol created a unique internal controls framework through the analysis of operational risks and business processes shared by stakeholders. It established a structured and federated approach to risk and control management.

Unipol partnered with MEGA, selecting the MEGA Suite to help define the project methodology. It was chosen to meet the Solvency II requirements related to the implementation of the internal model on operational risk. Due to the software's capabilities in both risk management and process analysis, Unipol was able to use a business process approach to help gather and analyse relevant, consolidated information that the board of directors and Internal Control Committee could use to make business decisions.