DataTracks’ Solvency II Pillar 3 reporting SaaS is easy to use, providing EIOPA mandate validations and rendering high-quality reports. Hosted on a private cloud, it gives you complete control and security over your data. An important challenge faced by financial services organisations is that the source data required for generating the regulatory reports is scattered across many different systems, business units and even regional locations. DataTracks’ Solvency II Pillar 3 reporting solution is designed to integrate relevant data from multiple sources and consolidate this into a single view for regulatory reporting.
Gives users the ability to compare filings to prior periods to ensure consistency of filing.
90% of our employees are finance experts with XBRL skills and knowledge in multiple accounting standards and regulations. We have prepared compliance reports for over 12 regulators.
Built on 14+ years of experience, we have successfully delivered more than 172,000 compliance reports to over 17,000 clients.
We celebrate our customers’ success and about 90% of our customers over the years have used our services again.
All your data is stored securely in firewall-protected data centres located in European cities.
We strive to maintain the highest standards in terms of quality. We rank among the top providers in quality surveys.
Our cost savings as a result of efficient global operations mean competitive prices for our clients.
We worked with the incredible assistance of DataTracks to ensure we successfully filed our FINREP/COREP report with the regulator. We found DataTracks solutions easy to use. Their technical support team was knowledgeable, easy to work with and assisted us round the clock to ensure we filed the report on time and without errors. All this at a competitive price point. Our experience has ensured we will have no hesitation in using the services of DataTracks on an ongoing basis.- Intelligent Money
We have been using DT’s SII software for the successful submission of the last three quarterly and the last annual QRTs to the regulators with 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. The preparation of the XBRL and excel output files normally runs within a reasonable time and hence this enables the user to regenerate XBRL files if needed. We are very satisfied form the customer support which is efficient and available at any day and time. We are impressed of the response time to our queries. In conclusion we are very satisfied from the application and we would definitely recommend it.- Minerva Insurance
Compared with the T4U tool it is much more efficient and user friendly. Especially the validation process and the way errors are reported are a big improvement. Besides this they provide world class support. And even if the error reports can’t help you to the right answer, the people behind the tool of customer support are very helpful. Their response time is very good, even outside office hours. Most important, they have the drive to help you till the last error is solved.- AnsvarIdéa Verzekeringen
The service has been outstanding and would certainly be recommended. Even though strict deadlines needed to be met, the team went above and beyond to accommodate our needs. Each and every member of the staff that we came in contact with was very friendly and approachable, qualities that added value to the streamlining of the whole procedure.- Tee Market Fund SICAV, Malta
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Recently, InsuranceERM released an article arguing that most Solvency II reporting mistakes happen in solvency ratios. The findings were based on an analysis conducted by Insurance Risk Data, which found that in 68% of cases where errors in quantitative reporting templates were discovered, the errors were surrounding solvency and minimum capital ratios. What are […]
The UK regulator – Prudential Regulatory Authority (PRA) – has concerns that the build-up of offshore reinsurance by undertakings can become a major issue when unconstrained. In fact, they believe the stock build-up of offshore reinsurance is an unintended consequence, and that it might become a significant prudential concern when not restrained. The regulator has […]
Although Solvency II is now well and truly in force, the Prudential Regulation Authority (PRA) continues to publish a number of consultations into Solvency II. The topics of the consultations have ranged from regulatory reporting to changes to the external audit requirement for parts of the Solvency and Financial Condition Report (SFCR). On 11th […]