Regulatory Reporting for AIFMD, CRD IV, Solvency II, MiFID II, FATCA and AnaCredit   

Press Release

T4U Alternative: Insurers in Europe Choose DataTracks Solvency II Reporting Solution

03/08/2017
AIFMD

Insurers across Europe are choosing DataTracks Solvency II reporting solution as the smart alternative to T4U software that is decommissioned by EIOPA in July 2017.

 

 

As a long-time user of DataTracks’ Solvency II reporting solution, Minerva Insurance states: “We have used DataTracks’ Solvency II software for successful submission of the last three quarterly and the last annual QRTs. The application is very user friendly and helpful in identifying any validation errors, giving sufficient and accurate information for the identification and correction of these errors. We are very satisfied with the customer support, which is efficient and available any day and time. We are impressed with the response time to our queries. In conclusion, we are very satisfied with the application and we would definitely recommend it.”

“We make it easier for insurers to switch from T4U to our Pillar 3 reporting solution by providing the ability to input data using the same set of business templates as used for T4U” states Pramodh Vittal, Vice President for Product Design at DataTracks. He added “The

process of generating the report is further simplified by unique user-friendly features like collaborating between different teams to collate and review data, comparing different versions and drilling down on validation errors to quickly identify and eliminate them, thereby generating error free XBRL report. We provide national specific templates wherever needed”

Additionally, the ability to offer a comprehensive Solvency II solution covering Pillar 1 and Pillar 2, with Solvency II consultants throughout Europe, makes DataTracks a compelling choice for Solvency II compliance.

DataTracks makes the buying decision easier for insurers by offering the software for a 30-day trial period, with complete support to comprehensively test the features before implementing the solution. The solution can be deployed on cloud infrastructure or within the customers’ premises.

For more information or to schedule a software demo, call +44 (20) 3608 1300 or email to enquiry@datatracks.eu

Website: https://www.datatracks.eu

 

About DataTracks

At DataTracks we assist our clients in preparing error-free regulatory reports, on time and with minimal effort. We prepare more than 12,000 XBRL statements annually for filing with regulators such as SEC in the United States, HMRC in the United Kingdom, Revenue in Ireland, ACRA in Singapore, MCA in India, and EU regulators such as ESMA, EBA and EIOPA. Honed by over a decade of experience in preparing more than 100,000 compliance reports in XBRL, XML, iXBRL and EDGAR formats, our solutions and services are designed to ensure quality, reliability, security and ease of use.

Media contact:
T R Santhanakrishnan
media@datatracks.com
+44 (20) 3608 1300



Spezialisten für XBRL und regulatorische Berichte

DataTracks bereitet jährlich mehr als 14,000 XBRL-Meldungen für Regulierungsbehörden wie SEC in den Vereinigten Staaten, HMRC in Großbritannien, Revenue in Irland, eurofiling Compliance-Berichte in Europa, ACRA in Singapur und MCA in Indien vor. Unsere Erfahrung in der Erstellung von mehr als 166,000Compliance-Berichten hat dazu geführt, dass unsere Lösungen und Dienstleistungen auf Qualität, Zuverlässigkeit und Benutzerfreundlichkeit ausgelegt sind.

166,000+

compliance reports

16,000+

Clients

12

Regulations

14+

years experience






Blog

The EU Perspective on FATCA

05/07/2019 ||By: eu_admin

Efforts to ensure tax compliance from foreign investments have increased substantially over the past decade. The Foreign Account Tax Compliance Act (FATCA) is a tax law obliging US citizens around the globe to file annual returns on their foreign holdings. FATCA was formed in 2010 as part of the HIRE Act aiming transparency in the […]


Blog

Updated ESEF Taxonomy released by ESMA

04/17/2019 ||By: eu_admin

The European Securities and Markets Authority (ESMA) recently published updated taxonomy to further ease the implementation of the requirements delineated by the Regulatory Technical Standard (RTS) on the European Single Electronic Format (ESEF). The ESEF taxonomy is based on the IFRS taxonomy along with additional concepts specific for the regulation. The entire taxonomy package is available […]


Blog

The advantages of XBRL

04/03/2019 ||By: eu_admin

XBRL, also known as eXtensible Business Reporting Language, is an open standard reporting language that was introduced with the intention of improving the quality of financial data reporting. It is a form of extensible markup language (XML) that is used across the globe today, and millions of XBRL documents are created each year. As a […]