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Solvency II / TPT / SCR

Solvency II is a European directive that serves to reform and harmonise insurance supervision. Solvency II took effect in January 2016 and pursues a three-pillar approach.

The first pillar regulates capital adequacy. Insurance companies are obliged to calculate the Solvency Capital Requirement (SCR) values of their investments on a monthly basis. The required overview of the financial assets must include 130 date fields.

The second pillar impacts risk management. Qualitative requirements (“fit and proper” criteria) are imposed, for example, on Boards of Directors of insurance companies and regulate quality assurance and data security.

The third pillar defines reporting obligations. Firms are required to report using a standardised form to ensure transparency towards regulators and investors. The standard format is the Quantitative Reporting Template (QTR).

what this means for your reporting

Asset managers

are obliged to monitor the data quality of their direct and indirect investments. Furthermore, they must ensure that their SCR calculations reporting is classified correctly.

Investment managers

must provide detailed portfolio data to the insurance companies. Investment managers without an insurance mandate are affected via target funds or fund- linked insurance structures.

Fund administrators and management companies

often take on the services of the investment manager and insurance companies. They therefore need an adequate European system which can integrate external look- through data and enrich internal data.

our solution: acarda Solvency II

In line with the Directive, the acarda Solvency II solution covers the entire process of data management and reporting for liquid and illiquid investments.

data management, look through & SCR

risk management & controlling

reporting for investors and regulators

what’s special about the acarda solution

the acarda Solvency II Reporting chain

End-to-end data exchange & reporting with acarda Solvency II - the entire process in individual steps:

1. Integration of fund & look-through target fund data

2. Data transformation into a standard format

3. CIC-mapping & risk classification

4. Data enhancement & validation

5. Optional calculation of the SCR market values

6. Verification, quality check &approval

7. Report generation

Clients who trust us

acarda GmbH

Eschersheimer Landstr. 14
60322 Frankfurt am Main
Germany

acarda Luxembourg

56 Route de Trèves
2633 Senningerberg
Luxembourg

acarda London

c/o LPA
7 Westferry Circus
Canary Wharf
London E14 4HD
United Kingdom

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