Solvency II - Asseco

SOLVENCY II

It represents a ready end-to-end solution integrating all the three pillars of Solvency II framework in a controlled environment built on a common aggregation engine serving both Solvency II and IFRS 17. The solution provides the standard model according to the Quantitative Impact Study 5.

Benefits

Automated update of the framework based on EIOPA requirements
Fully compliant with EIOPA Solvency II directive and disclosure requirements
Integrated, robust and fully controlled solution
Built-in validation, control mechanisms and quality controls
User authorizations, workflow and approval management
Calculation simulations incl. reporting Conversion of QRTs into required XBRL format

Key functionalities

Robust ETL mechanism for efficient import of data
Automated calculation of SCR and MCR acc. to QIS5
Stress test and sensitivity analysis
Scenario based calculations to support the company’s ORSA process
Information disclosure a QRT reporting
Personalized dashboard
Ability to implement specific national and internal reports

References