How the SCR is calculated with ring-fenced funds: Article 217 in one page
With ring-fenced funds the SCR is the sum of a notional SCR per fund and one for the remaining part. The Article 217 rule, legal basis and scenario selection.
RFF Tool
SCR once, SCR twice, SCR as often as you want
Our ring-fenced funds SCR calculation tool, RFF Tool, enables you to perform lightning-fast simultaneous calculations of your solvency capital requirement across a whole number of ring-fenced funds as well as the remaining part of your business. Our automation possibilities to import data from your internal sources can be applied by the click of a button – so you can keep an eye on quality, risk and consequences. Because navigation in the risk landscape is more important than ever.
QRT Tool as market risk constructor
Split internal funds into risk buckets
Your colleagues may already have prepared reporting for internal funds via the list of assets and the look-through. RFF Tool offers you a unique opportunity to split such funds into risk buckets. Before you know it, all ring-fenced funds as well as the remaining part will be assessed concerning interest risk, equity risk, spread risk etc. We automate numerous SCR calculations in one go with our RFF Tool.
One click – underwriting risk in multiple dimensions
Assess numerous balance sheets in one go
If you have structured your internal data concerning liabilities, ring-fenced funds, exposures etc., our liability importer may speed up your assessment processes concerning underwriting risk in multiple dimensions. We assess numerous balance sheets, numerous underwriting risks, numerous market risks, so you can focus on overview, quality and reasonable changes since last quarter.
Automated population of reporting templates
One click to reporting
Our calculation results can be transferred and reused for the reporting to financial authorities via our QRT Tool. We prepared for months concerning mapping and automation, so you can simply click a button and use the results for reporting to the authorities.
Switching to RFF Tool
You can easily switch to RFF Tool. We provide you with a free and noncommittal account in the full test and transition period.
Assistance with the transition period is available and we are ready to give you a hand with the integration of some of your internal sources.
From the blog
Ring-fenced funds under Solvency II: what they are, when they arise and how they change the SCR
A ring-fenced fund (RFF) is a part of an insurer whose assets can only cover certain liabilities. How the notional SCR works and how own funds are restricted.