Solvency II Service
No.1 pain-free T4U replacement
What to do after T4U support stops?
In the complex landscape of Solvency II reporting, insurance companies will face new challenges such as shorter reporting cycles, generating a fully auditable process, keeping up with regulatory changes, and the imminent decomissioning of T4U.
Therefore SecondFloor has developed a unique Solvency II Solution, which gives those insurance companies an instant benefit and ease of mind. It combines Pillar 1 calculations with Pillar 3 reporting, XBRL generation, regulatory update service, and auditability. All with the focus of reporting in the most efficient and economical way to stakeholders and the regulator.
A T4U replacement including qualitative and quantitative reports
Enrich your organization with our Solvency II Service
With a track record of providing complex solutions for the 3 largest insurance companies in Europe and serving numerous insurance companies within Europe, the Solvency II Solution has an excellent reputation in the industry as a replacement for T4U – served in the cloud.
The solution of SecondFloor uniquely combines the following characteristics in a very user friendly solution already used by a lot of companies throughout various countries all over Europe:
- An upload mechanism for the input templates
- A SCR / MCR Standard Model calculation engine
- A QRT and annual reporting tool producing these reports in visual format with internal 4eyes principle sign off
- A XBRL generator
This solution is cloud based and therefore has very small impact on your IT resources. Moreover, it also offers the following important range of benefits:
For more information regarding pricing and features, please look below. And feel free to contact us at any time to inform you in more detail or request a free trial!
|In addition to EIOPA input templates, SecondFloor’s Solvency II Service includes the National Specific Templates (NST) and Central Bank reporting templates for local regulators in Europe.|
|Additonally our framework supports various customers with Protected Cell Company consolidation, such as found in Gibraltar and Malta, in order to submit a consolidated PCC submission, aggregating all Cells and the Core.|