Solvency II

Solvency II software provides insurance and reinsurance companies with the functionality to map their Solvency II information into a reporting format suitable for the relevant Supervisory Authority portals. The software may focus on the financial data for template population (QRTs and NSTs), narrative reporting (RSR and SFCR) or both. Additional features may include enhanced reporting capabilities, guided workflows, integration with source systems, data storage, validations, SCR calculations, consolidation, taxonomy updates, data traceability and be available on-premise or on the cloud.

All the software included here is suitable for both insurers and reinsurers for Solvency II Pillar 3 EIOPA reporting. However (re)insurers, and Lloyd’s syndicates in particular, should ensure that the software covers the national specific reporting templates required for other Supervisory Authorities and/or Lloyd’s of London. Don’t forget to check out our Solvency II Buyer’s Guide!

  • Breadth
  • Features
  • Installation Options
  • Reporting
  • Breadth
  • Features
  • Installation Options
  • Reporting

CCH Tagetik SII PPS

by CCH Tagetik

CCH Tagetik’s pre-packaged Solvency II solution has the templates, calculations, validations, reports, and dashboards needed to accelerate Pillar 1 and 3 compliance.

Why we love it: CCH Tagetik provides an extensive set of features seamlessly integrated with Microsoft Office. Highly customisable for the most demanding data capture, consolidation, reporting and narrative requirements. Visual workflows provide clear, structured user journeys adopted from their powerful unified CPM platform.

Key Features

  • EIOPA, Lloyd's of London and a selection of NSTs
  • Fully integrated with Microsoft Excel for data entry and reporting
  • Customisable business validations
  • End-user report writer
  • Configurable visual workflow for user and approvers
  • Full consolidation functionality
  • Upstream system integration capability
  • Pillar 1 standard formula
  • Integrated collaborative disclosure management tool for RSR and SFCR
  • Cloud or on-premise deployment

DPM Authority and Report Authority

by Authority Software

DPM Authority provides affordable Pillar 3 data reporting for all XBRL taxonomies combined with narrative SFCR and RSR reporting via Report Authority.

Why we love it: DPM Authority supports Pillar 3 regulatory compliance to a comprehensive range of Regulatory Authorities with extremely efficient taxonomy updates and direct connectors to both Oracle and OneStream systems. Report Authority provides narrative reporting functionality for preparation of the SFCR and RSR. A highly affordable solution that is quick to implement.

Key Features

  • EIOPA and all NSTs
  • Rapid turnaround of taxonomy updates
  • Quick to implement – ‘plug and go’
  • System connectors for Oracle and OneStream
  • Upstream system integration capability
  • Disclosure management tool for RSR and SFCR
  • Validations and casting checks

eFrame Solvency II

by SecondFloor

eFrame, by SecondFloor, supports regular Pillar 3 supervisory QRT reporting in combination with all European national specific reporting. In addition, it caters for all Pillar 1 calculations and can be extended to cater for an organisation’s Internal Model.

Why we love it: eFrame provides a feature-rich cloud-based Solvency II solution for Pillar 1 & 3 that is easy to use and intuitive. SecondFloor provides a managed service for taxonomy implementation updates that covers all European national specific reporting.

Key Features

  • EIOPA and all NSTs
  • Informative home page
  • Configurable set of user tasks
  • Customisable business validations
  • Automated taxonomy updates
  • Visualisation and data report book
  • Pillar 1 standard formula and/or internal model
  • Cloud or on-premise deployment

Seahorse and Beacon

by CoreFiling

CoreFiling's Seahorse and Beacon offer insurers a capability to source, map and validate Solvency II data for Pillar 3 reporting. Delivered as a service, these applications cater for a broad scope of regulations where regulators require taxonomy compliant filings in XBRL format.

Why we love it: A quick and easy set up with an powerful validations checker - by generating the XBRL file before running validations, customers have greater assurance that the application's validation outputs will be consistent with those of the regulators

Key Features

  • EIOPA and a selection of NSTs
  • Quick to implement – ‘plug and go’
  • Automated taxonomy updates
  • History tracker for reviewing revisions
  • Discussion logging for data, filings and validations
  • Cloud or on-premise deployment

Tabular

by Solvency II Solutions

Tabular is a full suite Solvency II software solution integrating all pillars of Solvency II - SCR calculation through to QRTs & XBRL.

Why we love it: Tabular is seamlessly integrated into Microsoft Excel providing a familiar and easy to master experience whilst incorporating a large amount of functionality – all via a simple set-up.

Key Features

  • EIOPA and a selection of NSTs
  • Microsoft Excel solution with file-based database
  • Quick to implement – ‘plug and go’
  • Configurable tasks for user and approvers
  • Import of XBRL files
  • Customisable business validations
  • Additional plausibility checks for England and Ireland Central Banks
  • Analytical report generator and data visualisations
  • Regulatory reference tool
  • Pillar 1 standard formula

Download

CCH Tagetik SII PPS

Factsheet