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: Sponsored by FundGuard: NAV Resilience Under DORA, A Year of Lessons Learned

The EU’s Digital Operational Resilience Act (DORA) came into force a year ago, and is reshaping how asset managers, asset owners and fund service providers think about operational risk. While DORA’s focus is squarely on ICT resilience and third-party dependencies, its implications extend deep into core operational processes that are critical to market integrity, investor...

BLOG

Financial Institutions ‘Layering’ New Risks as Report Highlights Greenwashing Exposure

The number of financial institutions flagged for greenwashing climbed substantially in the past year, highlighting both the vulnerability of individual firms and the need to integrate greenwashing risk management into decision-making processes.. The sector remained the worst offender for overstating their progress or making vague or misleading claims, the report by sustainability risk data company...

EVENT

RegTech Summit New York

Now in its 9th year, the RegTech Summit in New York will bring together the RegTech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Regulatory Data Handbook – Fifth Edition

In response to the popularity of the A-Team Regulatory Data Handbook, we have published a fifth edition outlining the essentials of regulations that are likely to have an impact on data and data management at your organisation. New to this edition is a section on RegTech, covering drivers behind the development of innovative regulatory technology,...