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SerVICES

Monitor, update, and complete PRIIP KIDs in record time.

PRIIPs for Insurance

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PRIIP Service for Insurance Companies

The regulation on key information documents for packaged investment products for retail investors and for insurance investment products (PRIIPs) is another EU-wide standard regarding product information for consumers. Its central component is the introduction of Key Information Documents (KIDs). Since 1 January 2018 issuers and distributors of PRIIP products have to implement the provisions.

For insurance companies, this means that they must explain the tariff information and the information on the possible investment options in a way that can be easily understood by the consumer and provide distributors with the Key Information Document (KID).

To fulfill these requirements, cleversoft provides insurance companies with a full service, from the acquisition of data to the creation of a completed PRIIP Key Information Document (KID). This service also includes continuous monitoring and updating of data and documents.

SERVICE OVERVIEW

  • Procurement of target fund data directly from investment companies on behalf of the insurance company
  • Coordination, format and delivery
  • Continuous monitoring
  • Preparation of PRIIP KID documents and appendices
  • Automatic fund data delivery extension by PRIIP target fund data to the insurance company

INTEGRATION INTO THE QUOTATION SOFTWARE

Deliveries to financial advisers and brokers

After preparing the PRIIP KID document, it must still be delivered to the financial advisers and brokers. We therefore automatically integrate the documents into your online and offline quotation software.

  1. Delivery of the PDF files with the desired file name to the insurance company
  2. Inclusion of the documents in the offline quotation software
  3. Select the desired fund in the quotation software and automatically connect the PRIIP KID documents to the selected fund

cleversoft provides an updated document in accordance with the release cycles of the offline quotation software.

In addition to the delivery of the offline quotation software, we also offer continual (e.g. monthly or even daily) updates for the online quotation software.

1. Interface integration into the online quotation software

2. Select the desired fund in the quotation software and automatically connect the PRIIP KID documents to the selected fund

3. Documents continuously updated by cleversoft Our service also includes a landing page for the retrieval of PRIIP KID documents.

  • Erstellung regulatorischer Dokumente

Erstellung regulatorischer Dokumente


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Our process

We work with financial services companies around the world. Here's our process.

Our team has years of industry experience to help support you throughout the regulatory compliance software acquisition process — from A to Z.

01
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Discover and Learn

Our services range from self-serve free trial up to solutions that require white glove service. In both cases, we begin by learning about you.

02
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Setup

We ensure you have everything you need to get off to a great start with your compliance software and services.

03
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Develop

Whether you've chosen SaaS self-serve, on premise, or cloud-based implementation, rest assured knowing you can start using our solutions ASAP.

04
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Customer Success

Once you're up-and-running, our customer success team is here to support you every step of the way.

05
Scale up

We work with companies of all sizes, with varying numbers of end-users. When you're ready to scale up your solution, look no further than cleversoft.

06
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Availability

Not only does our technology have a 99.98% availability rate, but our tech team and customer success are here for you when you need us most.

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