IT System Audits for vait compliance 

New German Insurance Law (VAG) requirements for the supervision of insurance IT systems, applications and their service providers (VAIT)

Together with the Minimum Requirements for Business Organisation (MaGo) and the specifications of the German Insurance Supervision Act (VAG), the Federal Financial Supervisory Authority of Germany (Bafin) has recently concretised the legal requirements for IT processes, IT security and management of IT risks by introducing the VAIT standards and regulations also to the insurance industry.

We can help you meet this new challenge with our team of experienced auditors by conducting a targeted GAP analysis. As a result of our IT systems audit and such analysis we will provide you with improvement recommendations for your action and follow up. We can provide you with project management assistance and continued support during the implementation implementation and guide you through the BaFin audit.

We comprehensively cover the eight requirement areas of the VAIT requirements scope: