Financial Reporting
Solution for Solvency II
Asseco Solution for Solvency II represents a ready end-to-end solution integrating all the three pillars of Solvency II framework in a controlled environment built on a common aggregation engine serving both Solvency II and IFRS 17. The solution provides the standard model according to the Quantitative Impact Study 5.
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Key Functionality
| Robust ETL mechanism for efficient import of data |
| Automated calculation of SCR and MCR acc. to QIS5 |
| Stress test and sensitivity analysis |
| Scenario based calculations to support the company’s ORSA process |
| Information disclosure a QRT reporting |
| Personalized dashboard |
| Ability to implement specific national and internal reports |
Key Benefits
| Automated update of the framework based on EIOPA requirements |
| Fully compliant with EIOPA Solvency II directive and disclosure requirements |
| Integrated, robust and fully controlled solution |
| Built-in validation, control mechanisms and quality controls |
| User authorizations, workflow and approval management |
| Calculation simulations incl. reporting |
| Conversion of QRTs into required XBRL formátu |