Another step in successfully growing our partner network, SecondFloor announces a new partner BG Actuary in Bulgaria. The cooperation is an effect of the popular free QRT tool provided by SecondFloor during the Quantitative Impact Studies five years ago. Closing this partnership confirms SecondFloor’s long-term commitment to the market.

Insurance companies in Bulgaria can now select a T4U solution that is locally supported. Our Solvency II service is a future proof solution with its broad support of regulatory requirements. Potentially all 3 Pillars of Solvency II can be supported.

About Bg Actuary

BG Actuary is a leading Actuarial & Risk consultancy firm established in Sofia. The company supports insurance companies with services for the actuarial and risk function, especially related to the regulatory reporting under the Solvency II regime.

The Solvency II service by SecondFloor enables BG Actuary to offer end-to-end regulatory reporting services to its clients (as a hassle-free T4U replacement supporting EIOPA’s XBRL reporting). As partner BG Actuary uses and offers the Solvency II Service in the Bulgarian market.

About SecondFloor

SecondFloor is a market leading RegTech supplier specialized in risk and regulatory reporting. Our mission is to accelerate reporting with innovative and reliable solutions, that facilitate the reporting and governance processes of our customers.

In complex regulated environments – with new requirements, more reporting and shorter timelines – our clients feel confident with controlled and audited processes that produce the required reports on time. SecondFloor offers scalable solutions that fit any size of company in the highly regulated financial sector.