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.
SCR Tool
Solvency Capital Requirement Calculations
Our tool for calculating the Solvency Capital Requirement under Solvency II, SCR-Tool, is intuitive and simple to use. SCR-Tool comes with a powerful overview, and you can easily drill down in any component of the calculation. You can see the formulas, and results are presented exactly in the format, which is used in the QRTs. Nothing is hidden.
Market-Risk-Constructor
Update your market risk in seconds
You can import asset data and look-through information for funds from our QRT-Tool. You will blazingly fast get an updated overview of the market risk. Our Market-Risk-Constructor also provides you with a transparency list, where details for each asset can be tracked. The risk-free interest rate term structures and the symmetric adjustment of the equity shock are embedded. No need for any manual update.
Underwriting-Risk-Constructor
Update your underwriting risk in seconds
You can import liability data from our TP Tool.
Read more about TP Tool
DataCollector
Amazing integration possibilities
You can seamlessly pull in data from several sources. Some of your data may be stored in databases, Excel files, CSV-files, or other formats. Multiple sources can go into multiple templates, and you can define relevant transformations to be used quarter after quarter, year after year. Our capital requirement tool, SCR Tool, enables you to build a full automated integration for all reporting templates.
Multi-Entity Handling
Groups can define all their legal entities under their reporting tool account. You can easily produce reporting for all entities, and they will be naturally organised. If you prefer separated accounts with separated data as well for each legal entity, we provide easy access. One username – multiple access. You simply choose what entity you work with at logon. TP Tool makes it easy to work as a consultant for multiple insurance companies.
Includes UK modifications
SCR-Tool includes relevant UK modifications. You can import variants of the risk-free interest rate term structures and the symmetric adjustment of the equity shock published by the PRA instead of the ones published by EIOPA.
More advantages
SCR-Tool is a certified ISAE 3000 software solution. The software has been audited by PwC and Deloitte. Penetration tests have been performed by NCC Group to ensure and validate the security.
Switching to SCR Tool
You can easily switch to SCR 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.