Smaller teams, same requirements
DORA holds insurance firms to the same ICT risk standards as large banks, but insurance compliance teams are typically leaner. Manual processes and spreadsheet tracking break down under the regulatory volume.
FOR INSURANCE
DORA COMPLIANCE BUILT FOR INSURANCE
ICT risk management, operational resilience testing, and third-party provider oversight for insurance and reinsurance undertakings. EIOPA-ready documentation generated in minutes.
How Does DORA Apply to Insurance Companies Under EIOPA? DORA (Regulation (EU) 2022/2554) applies to insurance and reinsurance undertakings as supervised financial entities under EIOPA. Insurers must maintain an ICT risk management framework, report major ICT incidents, conduct operational resilience testing, and manage third-party ICT provider risks with the same rigour as banks and payment firms.
DORANIS2Solvency IIEIOPA
THE PROBLEM
INSURANCE COMPLIANCE TEAMS DO MORE WITH LESS
Deep third-party dependency
Policy admin systems, claims platforms, actuarial tools, and reinsurance portals create complex ICT supply chains. EIOPA expects every provider documented, risk-scored, and monitored continuously.
Overlapping frameworks
DORA, NIS2, and Solvency II governance requirements all apply to insurance firms. Without control mapping, compliance teams duplicate work across each regulation and still miss gaps.
ICT RISK FOR INSURANCE
STRUCTURED ICT RISK MANAGEMENT FOR INSURERS
A centralized risk register built around DORA Article 6 requirements. Identify and score ICT risks across your insurance operations: policy administration, claims processing, actuarial modelling, and reinsurance. Automated 5x5 scoring with likelihood and impact assessment, treatment tracking, and ownership assignment. Every risk links to the business functions it affects, so your EIOPA submissions reflect your actual risk posture.
- Insurance-specific risk categories: underwriting systems, claims platforms, actuarial tools
- Automatic risk scoring with inherent and residual calculations
- Treatment tracking with target dates and effectiveness measurement
- Full audit trail on every risk change for EIOPA supervisory reviews
- Risk-to-business function mapping for critical function identification
RESILIENCE TESTING
OPERATIONAL RESILIENCE TESTING TRACKER
Plan, schedule, and track every resilience test DORA requires. Annual vulnerability assessments for all insurers. Threat-led penetration testing (TLPT) for significant entities. Scenario-based testing for critical business functions like claims processing and policy administration. Link test findings to remediation actions with deadlines and ownership, and generate the evidence packages EIOPA expects during supervisory reviews.
- Annual test plan with scheduling across vulnerability, scenario, and TLPT categories
- Test result tracking with severity-rated findings and remediation timelines
- TLPT management for significant insurance entities (DORA Art. 26-27)
- Remediation progress tracking with overdue alerting
- Evidence documentation generated automatically for EIOPA submissions
THIRD-PARTY PROVIDERS
INSURANCE-SPECIFIC PROVIDER OVERSIGHT
Insurance operations depend on specialized ICT providers: policy administration systems, claims platforms, actuarial modelling tools, reinsurance portals, and underwriting engines. Venvera scores every provider across five risk dimensions and flags concentration risks before EIOPA does. Track sub-outsourcing chains, contract health, exit strategies, and substitutability for each critical provider.
- Pre-built provider categories for insurance: policy admin, claims, actuarial, reinsurance
- Five-dimension risk scoring: criticality, geographic, concentration, contract, data sensitivity
- Concentration risk alerts when critical functions share providers or geographies
- Exit strategy documentation and substitutability assessment per provider
- Contract health monitoring with expiry alerts and SLA compliance tracking
DORA + NIS2 CROSSWALK
MAP CONTROLS ACROSS DORA AND NIS2
Insurance companies fall under both DORA (EIOPA supervision) and NIS2 (as essential or important entities). Roughly 76% of requirements overlap. The control crosswalk maps every shared requirement so you implement once and demonstrate compliance to both regulators. See which controls satisfy DORA Article 6 and NIS2 Article 21 simultaneously, track implementation status, and identify gaps across both frameworks in one view.
- 47 shared controls identified across DORA and NIS2 for insurance
- Side-by-side article mapping: DORA articles to NIS2 articles
- Implementation status tracking per control across both frameworks
- Gap analysis highlighting controls needed for one framework only
- Solvency II governance requirements cross-referenced where applicable
POLICY MANAGEMENT
ICT POLICIES BUILT FOR INSURANCE
AI-drafted policy templates tailored to insurance operations. ICT risk management policy, business continuity plan, incident response procedure, third-party provider policy, and digital operational resilience strategy. Each policy maps to the DORA articles it satisfies, with version control, approval workflows, and review scheduling. Your compliance team reviews and approves rather than drafting from scratch.
- Insurance-specific policy templates covering all DORA requirements
- Approval workflows with role-based sign-off (CRO, CISO, Board)
- Automatic review date scheduling with overdue alerting
- Version history and audit trail for every policy change
- Multi-framework tagging: one policy can satisfy DORA, NIS2, and Solvency II
BOARD REPORTING
BOARD REPORTS FOR INSURANCE MANAGEMENT BODIES
DORA Article 5(2) places ultimate responsibility for ICT risk on the management body. Generate board-ready reports with one click: DORA and NIS2 compliance scores, ICT risk heatmap, provider risk summary, resilience testing progress, and an executive summary with recommended actions. Export as DOCX or Excel. Stop spending days compiling data before board meetings.
- One-click DOCX reports with embedded KPIs, heatmaps, and executive summary
- Insurance-specific metrics: provider concentration, resilience test completion, gap count
- DORA Art. 5(2) management body responsibility tracking
- Quarterly comparison with trend indicators for board-level oversight
- Excel export with multi-sheet breakdown for detailed review
WHY SWITCH
VENVERA VS GENERAL GRC TOOLS FOR INSURANCE
Capability
General GRC
Venvera
Insurance Focus
Generic GRC built for banking, adapted for insurance
Insurance-specific provider categories, risk templates, and policies
DORA + NIS2
Separate modules, no crosswalk
76% overlap identified, implement once for both frameworks
Resilience Testing
Manual tracking in spreadsheets
Structured tracker with TLPT, vulnerability, and scenario categories
EIOPA Reporting
Manual formatting required
EIOPA-ready xBRL-CSV and DOCX exports built in
Cost
Enterprise pricing, often six figures
EUR 399/month, all frameworks included
MULTI-FRAMEWORK
ONE PLATFORM. EVERY INSURANCE REGULATION.
Manage DORA, NIS2, Solvency II governance, and GDPR from a single platform. Shared controls, unified reporting, and no duplicate work across frameworks.
DORANIS2Solvency IIGDPREIOPA Guidelines
76%
DORA/NIS2 control overlap for insurers
24+
Insurance provider categories tracked
5
Risk dimensions per provider
1 click
EIOPA-ready board report generation
S
“Our compliance team of three now manages DORA and NIS2 obligations that used to require consultants and months of spreadsheet work. The control crosswalk alone saved us from duplicating 47 controls across frameworks. Board reports that took two days now take five minutes.”
Stefan K.
Head of Compliance, EU Insurance Undertaking
EXPLORE MORE
RELATED CAPABILITIES
Risk Management
Centralized ICT risk register with 5x5 heatmap and automated scoring.
Third-Party Risk
Five-dimension vendor scoring with concentration risk alerts.
Control Crosswalk
150+ controls pre-mapped across DORA, NIS2, ISO 27001, and more.
Pricing
Plans starting at EUR 399/month with 14-day free trial.
FAQ
FREQUENTLY ASKED QUESTIONS
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INSURANCE COMPLIANCE?
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