Solvency II reporting increases the regulatory burden on insurance companies significantly. Effective system solutions are essential to avoid what can be an extremely time-consuming exercise. Identifying and solving data quality issues at an early stage helps prevent problems later. That’s where we come in…
Escali Supervision is a reporting program used by insurance companies for Solvency II reporting. It has full support for all quarterly and annual reports required by the regulators.
Reports must be produced in the XBRL format. Escali Supervision has a built-in tool for easily converting files to XBRL for submission. Reports are also produced in Excel for business use.
EIOPA XBRL Taxonomy and validations
A comprehensive validation according to EIOPA's validation rules is also performed when producing the XBRL file. These validations required data from different sources to be consistent with a high degree of accuracy.
Integrations with existing systems
Escali Supervision can integrate with, for example the accounting and portfolio systems to make data gathering simple. Using the same data source for both accounting and Solvency II reports simplifies reconciliation and ensures consistency between the different reports.
Escali Financials helps you gather and structure fund look through data whilst Escali Supervision produces the reports required.
With over 100 installations, Escali are a leading provider of financial and reporting software as well as consulting services. Specialising in solutions for pension schemes and insurance companies, we help our clients with the ever-changing regulatory landscape. We also offer a full outsourcing service.