KID Compliance ServicesMonitor, update, and complete PRIIP KIDs and UK CCI in record time
According to the PRIIPs Regulation (EU No. 1286/2014), insurance companies are obliged to explain all key tariff information and possible investment options to their customers and distribution partners in a clear and comprehensible Key Information Document (KID). cleversoft’s PRIIPs service provides highly automated tools to fully and efficiently comply with the regulatory requirements.
For retail investment products distributed in the UK, the UK’s Consumer Composite Investments (CCIs) Disclosure Framework replaces the onshored UK PRIIPs regime and sets new standardised disclosure requirements. cleversoft’s UK CCI service helps firms transition to and comply with the new disclosure framework by providing scalable, automated solutions.
Get started with KID Compliance Services for Insurance today
We will be happy to advise you on the details.
Why choose cleversoft?
cleversoft offers a comprehensive PRIIPs and UK CCI services, specifically tailored to the needs of insurance companies.
Our solutions include the generation of PRIIP KIDs and UK CCI Product Summaries, the calculation of the required risk indicators, performance scenarios and cost figures. Our all-in-one platform is also used to create and distribute the PRIIPs templates (EPT) and the required CEPT reports. With a high degree of automation, our tools minimize your compliance risks and optimize the efficiency of your overall reporting process.
EPT & third-party data collection
- Procurement of fund data: Sourcing, validation and formatting of target fund data directly from asset management companies
- Direct source connection: Direct connection to more than 100 leading Fund managers to obtain the latest and up-to-date EPT data for the fund
- Quality assurance: Continuous monitoring of data quality and actuality
Preparation of Key Information Documents (KIDs) and UK CCI Product Summaries
- KID/UK CCI Product Summary preparation: Automated preparation of PRIIP KIDs and Product Summaries for each investment option, including out-of-the-box-solution for insurance portfolio
- Preparation of a “MOP KID”: Automated preparation of KIDs/UK CCI Product Summaries for multiple options products
- Design in your corporate design: Presentation of the relevant information in line with the corporate design of your insurance company
- Update check: Review and update your KIDs/UK CCI Product Summaries, based on EPT changes or changes of the SRI/performance scenario
- KIDs/Product Summaries for “one-off” as well as “ongoing” investments: Production of regulatory documents both for “one-off” as well as “ongoing” investment
Publication, distribution and web integration
- Publication: Automated publication of KIDs/UK CCI Product Summaries’ data
- Distribution: Automated and distribution of KIDs/UK CCI Product Summaries’ to third parties
- Web integration: publication of target fund data via a microsite
- Filtering by product: Distribution of KIDs/UK CCI Product Summaries’ filtered by insurance products, target funds according to SRI and RHP
- Publication of historical data: Display historical performance
PRIIP Key Information Document (KID)
Web Integration
docRepository Suite