To address the new challenges of Solvency II (Pillar III), Quidgest has developed Q2Solvency, a solution that aims to simplify compliance with reporting requirements imposed by the European Insurance and Occupational Pensions Authority (EIOPA).

Solvency II, which represents the biggest change in the regulation of the insurance industry in the EU in recent decades, is a fundamental part of the regulatory structure, as it seeks to protect insurers by identifying the main risks to which they are subject and ensuring long-term solvency of insurance providers. With this directive, EIOPA intends to implement an economic, risk-based regulatory tool, instigating insurers to implement more effective risk management and more rigorous asset and liability valuation principles. In order to meet the challenges posed in particular by Solvency II’s Pillar III, Quidgest developed Q2Solvency to support insurance companies in meeting EIOPA’s stringent reporting requirements.

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