SIIMPLIFY is a Pillar 1 Solvency Capital Requirement (SCR) tool.

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.  

SIIMPLIFY is:

  • Easy to use Excel based tool
  • Simple to navigate
  • Clear layout of data inputs and summary of results
  • Flexible enough to meet your specific needs, including Undertaking Specific Parameters (USPs) and Partial Internal Model (PIM) calculations
  • Presents results visually as well as numerically so that complex information can be communicated to a wide range of people across the business
  • Engages senior management, helping them to understand the drivers in capital levels
  • Helps facilitate strategic decision making
  • SIIMPLIFY can also be used in other ways, such as in validation and internal audit, thereby helping other advisers, including investment managers, auditors and management consultants.
  • 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

Register for a SIIMPLIFY demonstration