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CORRELIUM, a leading expert partner to the French insurance industry, and cleversoft, the leading provider of cloud-based RegTech services for financial service providers, are excited to announce their strategic partnership.


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Connect to a new world of efficiency by utilizing cleversoft’s business solutions.

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Let's talk how we can help your business.


Connect to a new world of efficiency by utilizing cleversoft’s business solutions.

Contact us

Amsterdam/Munich/Paris, May 02, 2024CORRELIUM, a leading expert partner to the French insurance industry, and cleversoft, the leading provider of cloud-based RegTech services for financial service providers, are excited to announce their strategic partnership. This collaboration aims to enhance the French insurance market by providing efficient Solvency II solutions, followed by other services such as CSRD reporting.  

CORRELIUM will be offering cleversoft products in France and is onboarding into the cleversoft Partner program. In this function CORRELIUM will be providing local customizations for the French market, leveraging its expertise in financial and local French regulatory reporting, compliance and adherence to regulatory frameworks. Meanwhile, cleversoft, with its specialist supervisory reporting unit, has a track record of successfully implementing automated solutions in accordance with Solvency II and IFRS17. Its expertise also extends to CSRD reporting requirements. With over 1,000 financial services clients across Europe and the Middle East, cleversoft is a trusted partner in the industry. For more information about the cleversoft Partner program, please contact Joris van Dam. 

Solvency II Service for French Insurers 

The partnership provides the French insurance industry access to the cloud-based solution Solvency II Service, which is required by French regulators. This comprehensive solution includes SCR/MCR calculations for accurate risk calculations, QRTs generation for streamlined reporting processes, XBRL conversion for standardized data exchange and offer additions such as Shocks and Scenario support for projection inputs for e.g. ORSA.  

Moreover, the solutions hold a strong governance structure, a transparent audit recording, and an optional compliance package (ISAE3402 certified) to ensure regulatory compliance. Currently, this industry-proven solution is in use with over 200 insurance companies, including a top 3 positioned French insurer. 

Christophe Guillermard, president of CORRELIUM and Erwin van Dixhoorn, Managing Director of cleversoft, have been working on this partnership for more than a year. Their joint efforts will result in an innovative offering that will shape the future of insurance reporting and compliance in France by May 2024.  

Expanding Services: CSRD Reporting 

Furthermore, the CSRD reporting software and service will be distributed by CORRELIUM in France. Christophe Guillermard, president of CORRELIUM emphasizes the added value of the cleversoft Service, stating: “ This move aligns with the French Insurance Industry 2024 Roadmap, addressing the unfulfilled need for flexible and agile reporting solutions regardless of company size.  French insurance companies can immediately benefit from this flexible solution that enables efficient reporting to the regulator.” 

Erwin van Dixhoorn, Managing Director of cleversoft, adds: “We are proud of this partnership and strongly believe that, with the support of CORRELIUM, we will significantly increase our footprint in the French market for Solvency II, CSRD and future services.” 

 

About CORRELIUM 

CORRELIUM, is a leading and independent consulting company in Paris. It is highly appreciated for its dedication to excellence in actuarial science, risk management, compliance, and project management for key players in the French insurance sector. Its mission is to support its clients with expertise and passion in the complex world of insurance.  

Founded by two IA qualified actuaries driven by their passion for actuarial science, CORRELIUM stands out for its personalized approach and its commitment to each client. CORRELIUM firmly believes in creating close relationships and providing tailor-made advice, adapted to the Insurers specific needs. 

 

About cleversoft 

The cleversoft group is a leading provider of cloud-based RegTech services for financial service providers. The company is headquartered in Munich and has offices in Amsterdam, The Hague, Frankfurt, Luxembourg and Sofia. cleversoft delivers digital solutions and services to more than 1,000 financial institutions worldwide to optimise compliance-related business processes, from data management to the calculation of regulatory data and the production of required documents and reports including marketing materials such as SFDR/ESG, MIFID II, 6AMLD, Solvency II, IFRS 17, PRIIPs and very recently CSRD. cleversoft also focuses on the Financial Crime Prevention sector, which has been expanded through the acquisition of specialist provider BusinessForensics in 2020, CDDS in  2021 and CW360° in 2023 . Following cleversoft’s compliance commitment, customers are provided with all required service updates for the respective regulations – which is unique in the industry.