We are very pleased to announce that OZK-Insurance AD selected SecondFloors’ Solvency II Light – XBRL conversion for quarterly and annual reporting towards their regulator. About OZK-Insurance AD JSIC OZK-Insurance AD (previously known as Municipal Insurance Company AD) was established in 1996 with a majority shareholder Sofia Municipality. In 2008, the municipality share was subject … Read More
Tuesday 7th of November, from 08.30 until 10.00 o clock, SecondFloor and partner Arithmetica host a Business Breakfast session regarding modern and innovative Solvency II solutions. The session will be held at Arithmetica’s headquarters: Deutschmeisterplatz 2, 1010 Vienna. Nowadays, the application of Solvency II is an essential task held by small, medium and large insurance … Read More
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 Loyalis is a subsidiary of APG Group which … Read More
SecondFloor will attend the 7th EIOPA Annual Conference on Wednesday, 22nd of November 2017 at the Hotel Hilton Frankfurt City Centre, Germany. Top speakers, such as Gabriel Bernardino – Chairman EIOPA, will offer in-depth analyses to over 350 participants from the financial services industry, European Union institutions as well as consumer representatives, consultants, academics, journalists … Read More
Solvency II is implemented, any questions? InsuranceERM reported that the work of the risk function is far from complete. As well as testing Solvency II systems properly. Three Chief risk officers discussed this important topic in a roundtable. All three companies have an internal model in place. Have conducted testing, model validation and calibration. Worked … Read More
In a recent report by Germany’s regulator BaFin urges insurers to improve their Orsa reporting for 2018. As early as the Solvency II preparatory phase, the companies were asked to go through a reduced form of the ORSA that took into account the fact that the quantitative Solvency II requirements had not yet been met. … Read More
SecondFloor and its partner Bg Actuary will visit InsuretechSofia on the 13th of September. Insuretech brings the future of insurance to Sofia. We are looking forward to engage with representatives in talks about new future-proof solutions for Solvency II.
SecondFloor announces a new partner in Austria with its established cooperation with Arithmetica. Working with joint customers we discovered that our services are strongly complementary. Together we can offer insurance companies an end-to-end solution for Solvency II. The companies aim to further grow the customer base in Austria and abroad.
The European Insurance and Occupational Pensions Authority (EIOPA) submits Implementing Technical Standards on reporting and disclosure and publishes the final Taxonomy version 2.2.0.
The International Accounting Standards Board (the Board) has issued IFRS 17 Insurance Contracts. This first truly international IFRS Standard for insurance contracts will help investors and others better understand insurers’ risk exposure, profitability and financial position.
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.
Porsche Versicherungs AG in Austria selected the Solvency II service by SecondFloor as T4U replacement. The Solvency II Service is a subscription based solution for regulatory reporting supporting all 3 Pillars of Solvency II. Porsche preferred the service for its; user friendliness, the quality of support and the hassle-free implementation.