Pension
For more than 10 years, Collis supports pension funds with result driven test services. With a solid understanding of the pension market, Collis offers consultancy test services for:
Actuarial software
Compliancy requirements (SAS 70, ISAE 3402)
New web-based financial solutions
UPO
Migration of legacy systems
Test management, training and consultancy
Pension funds have changed within the last decennia rapidly from relative risk neutral organizations towards market sensitive organizations. Actuarial software models have become indispensable for managing investment scenario’s and risks. Implementation of new models (MCEV) and adaptations to existing ones put pressure on testing knowledge of the scarce actuarial resources.
Collis offers consultants who combine actuarial insight with a solid understanding of testing and its importance.
The outsourcing of pension administration, communication and investment has urged these large service providers to adopt SAS 70 (type II) certification in order to demonstrate control on, for instance, IT security related issues as data integrity and confidentiality. ISAE 3402 will demand even more transparency of service provider’s quality of control: Minimum criteria must be met in the control framework and management involvement is ensured.
Collis has experience with certification for over a decade. Within the pension market Collis can support with pre-certification consultancy: checklists, IT control evaluation and consultancy.
Within the pension market Collis has built up references with legacy migration, testing of new web-based financial services as income planner and chain testing.
Case Study: PGGM, a leading Dutch pension fund administrator and asset manager, and Collis have been doing business together since 1999. Collis is the preferred supplier in the area of testing services. Collis is responsible for test co-ordination, test execution and test automation at PGGM.
Case Study: For Interpolis, a leading insurance company in the Netherlands, Collis performed testing of the changed application infrastructure for producing and distributing the Uniform Pension Overview to Interpolis customers.