Solvency II Service by cleversoft is a tool made for your Solvency II reporting process. We build this specialization over the last years during the implementation of large Internal Model projects, and in the recent time through the end-to-end support of a standardized SAAS solution. Our Solvency Services cover all solvency related regulatory requirements, both defined by EIOPA as well as National Competent Authorities and have many options for customization and automation. You can use the solution completely out of the box or integrate with existing data sources and configure data extraction fully automated or receive the customers data files and map them to the taxonomy. Off course, the service also provides a set of QRTs for the XBRL production.
In the complex landscape of Solvency II insurance companies face challenges such as short reporting timelines, fully auditable processes, keeping up with regulatory changes, and still keep regulatory reporting efficient and effective.
We have developed a unique Solvency II service, that gives insurance companies instant benefit and ease of mind. We gained our expertise from working with the best in the industry and used that experience to design our solution. All with the focus of reporting in the most efficient and economical way to stakeholders and the regulator.
Our Solvency II solutions are fully serviced and with our SaaS solution there’s no need for installing any additional software or applications. Furthermore, your data is stored in a secure data center in the EU. Or, alternatively, the software can also be hosted at your own location.
Ensuring you file your submission according to the regulatory standard and in time is our main priority. Additionally, we’d like to improve your productivity while maintaining process control:
All three pillars for Solvency II — on a single platform.
The service is always up-to-date with EIOPA’s latest taxonomy.
Quantitative reporting in Excel and XBRL for solo and group companies.
Validation of all data points with full explanation (as applicable).
Fully managed – in a secured data center in the EU or at your own location.
Support for national specific templates both in Excel and XBRL.
Standard Formula for SCR and MCR calculations with transparent models.
Integrated reporting templates for SFCR, ORSA, RTS in your own corporate design.
All the flexibility you need in a 100% controlled environment.
Our team has years of industry experience to help support you throughout the regulatory compliance software acquisition process — from A to Z.
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.
We ensure you have everything you need to get off to a great start with your compliance software and services.
Whether you’ve chosen SaaS self-serve, on premise, or cloud-based implementation, rest assured knowing you can start using our solutions ASAP.
Once you’re up-and-running, our customer success team is here to support you every step of the way.
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.
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.
