About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Cadis Solvency II Risk Platform Answer to Group-Wide Compliance

Subscribe to our newsletter

Cadis, the global EDM specialist, today announced its Solvency II risk platform. The platform will provide insurers with the confidence of complete data governance lineage and the level of transparency, visibility and data quality being demanded by tough regulator scrutiny.

Daniel Simpson, CEO of Cadis said: “The capital adequacy requirement of Solvency II is the headline pillar – however the quality and provenance of data used to derive those calculations is a core focus for regulatory scrutiny. The Governance and Reporting pillars make the Group Board accountable for all decisions to invest in different business lines. This means transparency and visibility at the subsidiary level is central to any compliant capital adequacy calculations. With that comes less stress at the insurance group level.”

The flexibility to add further data points to capital adequacy calculations for Pillar I will also be possible using Cadis’ Solvency II platform. With the majority of insurers using their own internal capital adequacy models, this will prove essential as regulators review and fine tune each company’s proposed calculations for Pillar I compliance.

“The types and depth of data and reporting capability and frequency are at the heart of Solvency II, which is much more than a box ticking exercise. Using the Cadis Platform’s Solvency II capabilities, firms will be able to provide both detailed and correct data at the aggregated level while also being able to produce reports as and when needed,” said Simpson.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Managing Non-Financial Misconduct Under SMCR

Non-financial misconduct – encompassing behaviours such as bullying, sexual harassment, and discrimination is a key focus of the Senior Managers and Certification Regime (SMCR). The Financial Conduct Authority (FCA) has underscored that such misconduct is not only unethical but also poses significant risks to a firm’s culture and operational integrity. Recognizing the profound impact on...

BLOG

Data Automator Xceptor Offers Platform Ready-Made for AI

Dan Reid is not surprised that Xceptor, the data automation giant he formed two decades ago, finds itself at the vanguard of a change in the way financial institutions regard and use documents. The rapid and accurate parsing of information from paper- and PDF-based reports has been made possible thanks to recent developments in artificial intelligence. The volume...

EVENT

TradingTech Summit New York

Our TradingTech Summit in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

Tackling the Data Management Challenges of FATCA

As the July 1, 2014 deadline for compliance with the Foreign Account Tax Compliance Act – or FATCA – approaches, financial institutions around the world are working to ensure their data management and operational systems will meet the requirements of the US legislation. This report discusses the requirements of FATCA and how the legislation is...