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

Ecclesiastical Insurance Group Selects DataFlux for Solvency II Data Management Implementation

Subscribe to our newsletter

DataFlux, a provider of data management solutions, today announced that Ecclesiastical Insurance Group, a commercial insurance specialist, has selected DataFlux technology to support the implementation of its  data management  programme. This initiative will help enable compliance with the Solvency II Directive data requirements and improve operational efficiency.

The DataFlux Data Management Platform will be deployed to help control the integrity of data and will provide Ecclesiastical with the means to comprehensively govern its data. The implementation will enable Ecclesiastical to establish a process for monitoring and reporting on the quality of its business data over time, allowing the company to provide the business and regulators with intuitive, auditable metric-based reports.

As an insurer selected for the UK Financial Services Authority (FSA) Solvency II IMAP pre-application process, Ecclesiastical is keen to demonstrate the high accuracy of its business data. The insurer will use DataFlux technology to help validate the information from across the group within its Solvency II capital adequacy models. By proving robust data processes to the FSA, the project will allow the group to conduct risk assessments according to its internal data models, as agreed with the FSA.

Godfrey Morgan, newly appointed data quality manager at Ecclesiastical commented: “Our industry is fundamentally changing the way it manages and reports on risk. As we are undertaking the FSA Solvency II IMAP pre-application process to implement our own internal models for capital requirement calculations, we need to ensure our data management processes are of the highest standards and the data feeding our risk models is of the highest quality.”

He continued: “We’ve been moving early to comply with the Solvency II mandate that data must be ‘complete, accurate and appropriate’. In the next 24 months, all UK insurers will need to undertake a similar review of their data management practices – so it’s a significant challenge for our industry.”

Colin Rickard, EMEA managing director at DataFlux added: “As we have worked alongside insurance companies over the last few years, we have seen their need for robust, auditable and tailored data management solutions for Solvency II. European insurers are looking to prove the validity of data used by their internal capital adequacy models and demonstrate they are processing claims in the best interest of policy holders. DataFlux helps them to do just that, while accessing other benefits offered by high quality data such as operational efficiency and improved decision making.”

Ecclesiastical’s data management project isn’t solely focused on the FSA’s mandate for capital adequacy. As part of its ongoing business intelligence programme, the ability to profile, monitor and report on core data sets across the group allows Ecclesiastical to improve its data, quickly make more informed decisions and better meet customers’ needs.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: In data we trust – How to ensure high quality data to power AI

Artificial intelligence is increasingly powering financial institutions’ processes and workflows, encompassing all parts of the enterprise from front-office to the back-office. As organisations seek to gain a competitive edge, they are trialling the technology in variety of ways to streamline and empower multiple use cases. Some are further than others along the path to achieving...

BLOG

Key Takeaways from the SEC’s 2025 Examination Priorities

The U.S. Securities and Exchange Commission’s Division of Examinations released its examination priorities for Fiscal Year 2025 in October, placing a strong emphasis on investor protection, market integrity, and compliance with regulatory standards. These priorities, formulated before the results of the 2024 U.S. election were known, reflect insights from past exams and emerging risks, and...

EVENT

AI in Capital Markets Summit London

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...