How VantagePoint helped LV= jointly compose and deliver a new Solvency II reporting process to ensure compliance with the insurance regulation and to optimise reporting.
Reporting to a complex working day timetable.
- Replacement of IBM TM1 with CCH Tagetik's Solvency II Prepackaged solution, including new and improved data feeds, a new business workflow and validation process, and optimsed XBRL reporting.
- The General Insurance (GI) firm wanted to deliver the project in <18 months, ahead of the Solvency II go-live data, and enable their teams to build future Budgeting & Planning models as required.
Designed a flexible finance-owned insurance data warehouse, to allow flexible data storage and preparation of data for regulatory reporting.
This data warehouse was paired with an end-to-end Pillar I, II and III solution, including Solvency II Management Reporting Dashboards.
Client’s team engaged throughout the project to ensure the finance systems team could support future development of their implemented platform.