Towards best practises in risk management
Acting jointly with Intuitive Collaboration, PillarOne's founder and operator, and canoo, its application architect, Munich Re strives for best-practice solutions in risk management. As a leading reinsurance group and risk carrier, Munich Re has initiated PillarOne and sponsored it from 2008 to 2010.
In the area of Solvency II, Munich Re sees tremendous potential for improving standards for insurance companies by offering participation in an open source platform.
PillarOne makes it possible to prepare a quantitative-based analysis for decision-making in the areas of solvency, risk, performance and value-oriented management. The open and modular concept is of interest to a broad range of stakeholders with widely varying application objectives.
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