The European insurance industry is undergoing a major shift in adapting to the rules of Solvency II. Pillar 3 of the Solvency II Directive imposes a heavy regulatory reporting burden and an unprecedented data challenge on these undertakings, which is why sourcing the right software solution to meet the Pillar 3 reporting obligations remains a priority.
With the ABACUS/Solvency II reporting solution, BearingPoint offers a comprehensive off-the-shelf software package designed to meet the specific needs of supervisory reporting. BearingPoint has leveraged its long-standing experience in regulatory reporting (customers representing over 1900 firms in more than 20 countries report with the products of Abacus Solution Suite) to create a solution tailored to the requirements of insurers. Reports can be generated in a simple, efficient and cost-effective manner for submission to the supervisory authorities.
BearingPoint Software Solutions offers a unique portfolio of software, consultancy and other services related to regulatory reporting. Our clients are banks, central banks and financial institutions throughout Europe.
For more information please contact our local sales and marketing teams.