Applications > Solvency
INvSIGHT Solvencia

s o l v e n c y

WHAT IS INvSIGHT SOLVENCY?

Solvency is the INvSIGHT application that solves all the quantitative and reporting functions required by Solvency II for insurance companies.

AT WHOM IS IT DIRECTED?

INvSIGHT Solvency facilitates the collaborative development between departments of all the regulatory compliance tasks.

MAIN FEATURES

Attending to the different pillars in which Solvency II is organized, the following characteristics stand out:

Repository
  • Datamart with all the structured information related to Solvency II.
  • Intuitive information loading using templates based on spreadsheets.
  • Direct integration with other systems of each company.
Pilar I
  • Construction of the economic and accounting balance sheet.
  • SCR and MCR calculation engine:
    • Adjustable calculations (matrices, shocks, etc.)
    • Modalities of individual and group calculation.
    • Possibility of integration of internal models.
  • Risk Margin implemented by several methodologies.
Pilar II
  • SCR based on the business plan and the risks inherent to the entity (quantitative ORSA).
Pilar III
  • Generation of QRT regulatory reports in the format requested by the supervisor entity (XBRL, MS Access and Excel).
  • Support for the modalities Individual, Third countries and Group.
  • Support to the reporting of internal models.
  • Aid in the preparation of SFCR and RSR.
Other features
  • Multi-user access according to profiles.
  • Configurable language.

WHAT ADVANTAGES DOES IT OFFER?

  • Unification of the work environment and the sources of information in relation to Solvency II.
  • It facilitates traceability and avoids redundancy.
  • Separation of responsibilities according to usage profiles.
  • Fast implementation without particular technical requirements.
  • Ease of use, personalization and learning.
  • Adaptability to any company profile.
  • Regulatory updates included.
  • Great capacity for simulation and analysis.