Articles - Solvency II Solutions and Silverfinch in joint initiative

 The joint offering will provide companies a simple ‘end-to-end’ service that will take the stress out of Solvency II asset reporting requirements which will be compulsory across the EEA from the beginning of 2016.

  

 Through its ‘Tabular’ platform, Solvency II Solutions offer the insurance and asset management community a low cost excel based platform with enterprise-like functionality for Solvency II data integration and XBRL reporting, while Silverfinch’s allows asset managers to control delivery of proprietary data to clients , whist proving insurers with access to look through without the cost burden.

  

 John Staines, CEO, Solvency II Solutions:

 “The requirements for look through under Solvency II will put many insurers under pressure, as they invest across many asset managers. Silverfinch has brought a unique model to the market which ensures the implementation of a data standard, endorsed by French, German & UK associations, across both the insurance and asset management industry in the most cost effective many for the industry. Solvency II Solutions clients will now have the ability to both source the required data and report to regulators”

  

 John Dowdall, Managing Director, Silverfinch says:

 “We are very pleased to announce the ability for Silverfinch data to be integrated with Solvency II Solutions. The idea behind this was to develop a seamless offering which makes complying with the new Solvency II reporting requirements effortless for asset managers and insurance companies. The seamless integration of Solvency II Solutions’ Tabular XBRL reporting tool and Silverfinch will allow the asset manager and insurance markets’ access to a cost efficient and complete end-to-end solution that is up and running within minutes.”