Outsourcing-assistenten (forsikring)-Cloud Outsourcing Compliance Tool

Example

Analyzing cloud service agreements for compliance with EIOPA guidelines

Scenario

An insurance company plans to outsource its data storage to a cloud provider. Outsourcing-assistenten reviews the agreement, highlighting areas that do not meet EIOPA guidelines and suggesting amendments to ensure compliance.

Example

Evaluating risks associated with outsourcing critical or important operational functions

Scenario

Before finalizing a cloud outsourcing decision, an insurer uses Outsourcing-assistenten to assess the risks of outsourcing critical data processing tasks. The tool evaluates the provider's data security measures, data location, and the ability to exit the agreement, ensuring the insurer's operational resilience.

Example

Guiding insurers on the process of notifying regulatory authorities about outsourcing arrangements

Scenario

Outsourcing-assistenten helps an insurance company prepare the documentation and notification for regulatory authorities, as required under the Solvency II Directive, when outsourcing key operational activities to a cloud provider, ensuring that all regulatory requirements are met efficiently.

Example

Assisting in the due diligence process of selecting cloud providers

Scenario

An insurer evaluates multiple cloud service providers for hosting its customer data. Outsourcing-assistenten aids in the due diligence process by providing a checklist and criteria based on EIOPA guidelines, helping to select a provider that meets operational and compliance requirements.