Since the second quarter of 2017, more than 20 insurance companies, both in the Netherlands and various other European countries, have come to SecondFloor in order to get supported through our Solvency II Service. And we are pleased to announce this includes Loyalis in the Netherlands.
Loyalis is a subsidiary of APG Group which offers insurance solutions for employers and employees which are complementary to the collective pension arrangements made by social partners in the Netherlands. Loyalis preferred the service of SecondFloor because of the user-friendly and hassle-free implementation. The service provides sophisticated technical and business validations with value assertions that significantly reduce the reporting efforts and errors. Another criteria was the high quality knowledge of the support team.
Solvency II Service
Our Solvency II Service includes both software and support to help insurance companies report in the most efficient way. We offer three subscription levels:
- Solvency II Light – XBRL conversion;
- Solvency II Standard – adds Pillar 1 (SCR/MRC) calculations and production of QRT/Annual;
- Solvency II Advanced – adds integrated Disclosure reporting to produce SFCR, RSR and ORSA .
SecondFloor software supports reporting processes for more than 500 insurers in over 15 countries across Europe.