The Solvency II Directive requires insurance companies to calculate, aggregate and submit capital requirements in more depth, within shorter timeframes and more often than ever before. There are currently 70 QRTs, containing thousands of data fields to be completed. Insurers therefore need a flexible, robust and easy-to-use reporting solution that suits their unique business needs and fits their existing technological architecture.
Furthermore, Solvency II Program and Reporting Managers are being challenged to deliver greater automation for increased enterprise-wide operational effectiveness and control.
Our intervention had to provide and ensure a compliant Quarterly and annually Solvency 2 reporting.