From the business process to the stress test - EIOPA Data Governance Concept

Implementing secure, trustful (high quality), and efficient data governance framework adaptable to permanently changing environment was recognized in 2011 by EIOPA as the strategic objective, enabling delivery upon its mandate defined in the founding regulation1. To deliver against this objective, the Authority decided to implement a data governance concept based on the business process management approach. The case study presents strategic choices made to define the end-to-end data governance concept, which successfully passed its exam allowing for the fast-performing impact analyses across the insurance sector in the EU in response to the unexpected BREXIT vote, basing on the data collected to the Central Repository a few days earlier.