Skip to main content
SpringerLink
Log in

Solvency II – A BPM Application

  • Conference paper
Trends and Advances in Information Systems and Technologies (WorldCIST'18 2018)

Part of the book series: Advances in Intelligent Systems and Computing ((AISC,volume 745))

Included in the following conference series:

  • 8496 Accesses

Abstract

Solvency II brings challenging requirements for insurance companies concerning the amount and periodicity of the reported information. Hence, it is difficult for an insurer to comply with such requirements without mapping and organizing the flow of information regarding the process of Solvency II.

This paper contributes to literature manifold: we provide an assessment of Information Management needs for a medium-sized Portuguese insurance firm - CA Seguros - regarding Solvency II; in addition, we map and document the whole process of Information Management for quantitative reporting (Pillars 1 and 3) on Solvency II. Hence, we assess the possibility of mapping a firm’s Solvency II process with a business process model using Event-driven Process Chains.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 259.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 329.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  1. Institute and Faculty of Actuaries: Solvency II – General Insurance (2016). https://www.actuaries.org.uk/…/solvency-ii-general-insurance. Accessed 25 Sept 2017

  2. KPMG: Solvency II: A closer look at the evolving process transforming the global insurance industry (2011). http://ivan-shamaev.ru/wp-content/uploads/2013/05/solvency-II_kpmg_english.pdf. Accessed 04 May 2017

  3. ASF: Solvência II – Enquadramento (2017). http://www.asf.com.pt/NR/exeres/7BF5C5A6-9B7E-4516-B51F-727E24F69E8D.htm. Accessed 04 Mar 2017

  4. Bonsón, E., Cortijo, V., Escobar, T., Flores, F., Monreal, S.: Solvency II and XBRL: new rules and technologies in insurance supervision. J. Financ. Regul. Compliance 18(2), 144–157 (2010)

    Article  Google Scholar 

  5. EIOPA: Understanding public disclosure under Solvency II (2015)

    Google Scholar 

  6. EIOPA: Solvency II – Reporting and disclosure (2011)

    Google Scholar 

  7. IVASS: Solvency II – The new prudential regulation on the insurance sector: a simplified guide (2016). https://www.ivass.it/pubblicazioni-e-statistiche/pubblicazioni/altre-pubblicazioni/2016/guida-solvency-ii/SolvencyII_Guide_EN.pdf?language_id=3. Accessed 04 May 2017

  8. Fischer, R., Aier, S., Winter, R.: A federated approach to enterprise architecture model maintenance. Enterp. Model. Inf. Syst. Archit. 2(2), 14–22 (2015)

    Google Scholar 

  9. Ko, R.K.: A computer scientist’s introductory guide to business process management (BPM). Crossroads 15(4), 4 (2009)

    Google Scholar 

  10. Peffers, K., Tuunanen, T., Rothenberger, M.A., Chatterjee, S.: A design science research methodology for information systems research. J. Manage. Inf. Syst. 24(3), 45–77 (2007)

    Article  Google Scholar 

  11. Hevner, A., Chatterjee, S.: In: Design research in information systems, pp. 9–22, Springer, US (2010)

    Google Scholar 

  12. Mendling, J.: Business process management. In: Metrics for Process Models (pp. 1–15). Springer, Heidelberg (2008)

    Google Scholar 

  13. Zairi, M.: Business process management: a boundaryless approach to modern competitiveness. Bus. Process Manage. J. 3(1), 64–80 (1997)

    Article  Google Scholar 

  14. Frederiks, P.J., Van der Weide, T.P.: Information modeling: The process and the required competencies of its participants. Data Knowl. Eng. 58(1), 4–20 (2006)

    Article  Google Scholar 

  15. Weske, M.: Business process management architectures. In: Business Process Management, pp. 333–371. Springer, Heidelberg (2012)

    Chapter  Google Scholar 

  16. Indulska, M., Recker, J., Rosemann, M., Green, P.: Business process modeling: current issues and future challenges. In: International Conference on Advanced Information Systems Engineering, pp. 501–514. Springer, Heidelberg (2009)

    Chapter  Google Scholar 

  17. Georgakopoulos, D., Tsalgatidou, A.: Technology and tools for comprehensive business process lifecycle management. In: Workflow Management Systems and Interoperability, pp. 356–395. Springer, Heidelberg, (1998)

    Chapter  Google Scholar 

  18. Becker, J., Rosemann, M., Von Uthmann, C.: Guidelines of business process modeling. In: Business Process Management, pp. 30–49. Springer Berlin, Heidelberg (2000)

    Google Scholar 

  19. Scheer, A. W., Thomas, O., Adam, O.: Process modeling using event-driven process chains. Process-aware information systems, pp. 119–146 (2005)

    Chapter  Google Scholar 

  20. van Dongen, B., Dijkman, R., Mendling, J.: Measuring similarity between business process models. In: Seminal Contributions to Information Systems Engineering, pp. 405–419. Springer, Heidelberg (2013)

    Google Scholar 

  21. Van der Aalst, W.M.: Formalization and verification of event-driven process chains. Inf. Softw. Technol. 41(10), 639–650 (1999)

    Article  Google Scholar 

  22. Ungan, M.: Towards a better understanding of process documentation. TQM Mag. 18(4), 400–409 (2006)

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

  1. ADVANCE/CSG/Instituto Superior de Economia e Gestão, Universidade de Lisboa, Lisbon, Portugal

    Tiago Gonçalves

  2. Instituto Superior de Economia e Gestão, Universidade de Lisboa, Lisbon, Portugal

    João Silva

  3. Instituto Superior Técnico, Universidade de Lisboa, Lisbon, Portugal

    Nuno Silva

Authors
  1. Tiago Gonçalves
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. João Silva
    View author publications

    You can also search for this author in PubMed Google Scholar

  3. Nuno Silva
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to João Silva .

Editor information

Editors and Affiliations

  1. Departamento de Engenharia Informática, Universidade de Coimbra, Coimbra, Portugal

    Álvaro Rocha

  2. College of Engineering, The Ohio State University, Columbus, OH, USA

    Hojjat Adeli

  3. DSI/EEUM, Universidade do Minho, Guimarães, Portugal

    Luís Paulo Reis

  4. DIMES, Università della Calabria, Arcavacata di Rende, Italy

    Sandra Costanzo

Rights and permissions

Reprints and permissions

Copyright information

© 2018 Springer International Publishing AG, part of Springer Nature

About this paper

Cite this paper

Gonçalves, T., Silva, J., Silva, N. (2018). Solvency II – A BPM Application. In: Rocha, Á., Adeli, H., Reis, L.P., Costanzo, S. (eds) Trends and Advances in Information Systems and Technologies. WorldCIST'18 2018. Advances in Intelligent Systems and Computing, vol 745. Springer, Cham. https://doi.org/10.1007/978-3-319-77703-0_10

Download citation

  • DOI: https://doi.org/10.1007/978-3-319-77703-0_10

  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-77702-3

  • Online ISBN: 978-3-319-77703-0

  • eBook Packages: EngineeringEngineering (R0)

Publish with us

Policies and ethics

Search

Navigation