Under Solvency II companies need to have a seamless regulatory process for the calculating and reporting of insurance liabilities.
Our Excel based software, SIIMPLIFY, enables a quick and easy calculation of the standard formula SCR under Solvency II.
SIIMPLIFY is an integrated solution that automates the production of Pillar 3 reporting. For example, Solvency II Solution’s product, Tabular, pulls all the relevant reporting requirements from SIIMPLIFY with an easy click of a button. This provides a seamless and effective solution for both Pillar 1 and Pillar 3.
Engages senior management, helping them to understand the drivers in capital levels
Helps facilitate strategic decision making
Produces outputs in standard reporting format
Enables users to use less actuarial resource for number crunching which means increased focus on how to optimise capital under Solvency II
Audit functionality improves controls around the process
Developed, supported and validated by Barnett Waddingham, giving users confidence in the outputs they produce