SOLVENCY II

Certent helps you evolve past manual reporting processes to meet Solvency II requirements and more in a controlled, auditable environment.

You’ve probably already felt the growing pains – increasing volumes of data, compounded with changing regulations by the European Insurance and Occupational Pensions Authority (EIOPA). To produce the needed internal and external reports, report contributors currently work in Microsoft Word, Microsoft Excel, and Microsoft PowerPoint files, manually copying and pasting data from source systems or disparate spreadsheets, and then passing these files back and forth over insecure channels, such as email, until the report is complete. Time-consuming manual processes expose insurers to a great deal of risk: risk of error, the risk of non-compliance, low confidence in their data, and little or no security and transparency in the reporting process.

This dynamic is why many leading enterprises rely on Certent to evolve their financial reporting processes and technologies to ensure that they comply with these rapidly changing taxonomies.

Capital Requirement

Capital requirement is the amount of capital a bank or financial institution is required to hold. This is usually expressed as a capital adequacy ratio of equity that must be held as a percentage of risk-weighted assets

Let’s put our financial and regulatory reporting solutions to work for you.

Stay a step ahead of the Solvency II complexity curve.

Certent allows you to generate high-value documents for various required reports, including Own Risk Solvency Assessments (ORSA), Solvency and Financial Condition Reports (SFCR), Regular Supervisory Reports (RSR), and Quantitative Reporting Templates (QRT reports) with XBRL tags.

Whether deployed on-cloud or on-premise, Certent delivers confidence.

  • Merges enterprise data with a focused narrative analysis in a controlled, auditable environment
  • Drives process consistency and automates manual “copy and paste” processes
  • Enhances security, control, and governance
  • Supports both on-premise and on-cloud deployment

AWARDS AND RECOGNITIONS

Our industry recognition directly correlates to the success of our customers.

About Solvency II

Solvency II is new regulatory legislation for the insurance industry designed specifically to enhance protection for policyholders across Europe. Simplistically, it requires that insurers set aside enough capital to cover claims and do more to manage risk in their businesses.