• Q2SOLVENCY

    Solvency II

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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“Quidgest has developed Q2Solvency with the aim of simplifying the compliance with the requirements imposed by EIOPA”

ADVANTAGES

Prepared solution for the communication requirements established by Pillar III.
Access to fully detailed information through drill-down.
Strict correspondence between information system data and reporting system data.
Instant upgrade upon release of new reports.
Flexibility in the definition of the reporting framework.
Report fields easily configurable, no need to re-install.

Solvency 2 represents the biggest change in the regulation of the insurance industry in the EU in the last decades. What is it? How does it work? Find answers to these questions in our eBook.

Knowledgebase

WHAT IS SOLVENCY II

On 25 November 2009, the European Parliament and the Council of the European Union adopted Directive 2009/138 / EC, the Solvency II scheme, which aims to restructure the legal framework for the European insurance industry. The Solvency II Directive aims to bring together, in a single mechanism, all the directives regulating the sector, allowing insurers to improve their performance between capital requirements and the risks inherent in the sector.  (…)

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