Solvency II
How do we help?
Solvency II is a regulatory framework for insurance and reinsurance companies in the European Union, designed to ensure they are maintaining adequate capital levels to meet their liabilities. In support of this framework, insurance and reinsurance firms in the EU and UK are required to provide detailed look-through reporting and risk calculations on their full portfolio holdings.
Data Management and Calculations
We integrate fund static data, prices, and cost data from various sources (asset manager, fund administrator etc.) and calculate look-through reporting-related figures. Enhanced calculations, such as SCR (Solvency Capital Requirement) and MCR (Minimum Capital Requirement) are available as needed.
Production of Reporting
We produce the look-through reporting that adheres to nuanced regulatory requirements, or the standards set by the FinDatEx working group. This includes TPT, COVIP, VAG, CTI, and more. Time to market of production is critical, and our fully integrated platform disseminates the reporting to end clients.
How we do it?
Similarly, individual countries are increasingly requiring pension funds to provide detailed look-through holdings reporting and cost transparency, with each country having different calculations and requirements. Funds not publishing this critical data can be automatically screened out of opportunities by pension and insurance firms or removed from their portfolios. We stay ahead of the quickly changing regulatory landscape to deliver valuable reporting with reliable calculations from your raw data.
Data Acquisition
At the core of regulatory fund data disclosure and reporting is high-quality, accurate data. Validated input data is the prerequisite to scalable and well-functioning report production. iQuant Solutions' proprietary data acquisition model makes it seamless to source and validate data from various third-party systems. We always capture data directly from a raw source, such as from fund administrators and transfer agents.
We source NAV valuations and positions from fund administrators, as well as static data from the investment manager. All input data flows through our data validation process as part of the data acquisition step.
Calculations
iQuant Solutions’ service offering also includes the calculation of the reporting metrics based on raw input data. Working with you to understand the end clients’ goals and portfolio structure, we are able to provide enhanced reporting to support your distribution efforts.
In addition, we also provide a solution for enhanced optional calculations such as SCR and MCR for all asset types.
Report Production
We support our clients with a range of reporting types to support their unique clients’ needs, including:
FinDatex TPT for Solvency II
UK DCPT, FVPT, and CTI reports
German VAG
Italian COVIP
Reports can be produced in a variety of formats to support your client, including .xlsx, .csv, or .qrt.
After undertaking a full set of robust validation processes, reports are then signed off by the fund manager or manufacturer.
Dissemination
We disseminate data to a wide range of distributors and platforms, in the data format they need. iQuant Solutions also provides assistance with any post-reporting queries related to the produced reports.
Platform
Our intuitive platform provides a secure environment to manage your data and reporting – all in one innovative user interface.
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