Compliance reporting

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: arep Solvency II

In line with the Directive, the arep 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 arep solution

Using a single integrated platform for data management, to calculate risks and costs and to create and distribute reports increases the efficiency of all processes.
The modular arep system can be used immediately. It is operated in our certified data center in Luxembourg and does not require any additional IT infrastructure thanks to the browser-based user interface and a central Oracle database.
Rapid implementation and a comprehensive support service ensure all regulatory and client-specific requirements are met on time.
Highly automated data management and report creation reduce the time and money you have to invest.
The web-based arep dashboard guarantees full transparency over the entire reporting process.
Throughout the reporting process you will have access to extensive support and consulting services.
By choosing our optional Business Service you could outsource the entire process to acarda.
Service Level Agreement: How our Software as a Service works can be configured according to your needs. You pay only for the service you use and on the basis of a contractual agreement.