The changing regulatory environment continually challenges insurers to produce accurate and timely reporting. We help Regulatory reporting teams meet the challenge of continually changing Regulatory environments.
The client relied on a significant number of spreadsheets and manual processes to prepare data for Solvency II Pillar 3 reporting, requiring multiple outputs to be loaded into a third party XBRL tool.
The client needed a system to simplify the management of complex data sets and provide a rules-based reporting capability to replace the spreadsheets, while reducing processing time and increasing control. The system that we delivered provided: