Regulatory Reporting

The changing regulatory environment continually challenges insurers to produce accurate and timely reporting. We help Regulatory reporting teams meet the challenge of continually changing Regulatory environments.

Solvency II Reporting

The client relied on a significant number of spreadsheets and manual processes to prepare data for Solvency II Pillar 3 reporting, requiring multiple outputs to be loaded into a third party XBRL tool.

The client needed a system to simplify the management of complex data sets and provide a rules-based reporting capability to replace the spreadsheets, while reducing processing time and increasing control. The system that we delivered provided:

  • Import and pre-processing of data from multiple sources
  • User configurable rules and mappings through a simple interface
  • Scheduled reporting of the outputs
  • Integration of published outputs with the third party tool
  • Reconciliation of outputs back to source
  • Data transparency and full audit trail
  • Single data repository for Solvency II analysis and reporting