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.
Large amounts of data need to be reported accurately. Comprehensive validation rules place great demands on both content and format. With the help of Escali Supervision, you can easily gather data from multiple sources, ensuring the necessary information is in place for submission to the regulators.
Reconcile data from different sources
Full audit trail
Produce reports in Excel
Convert to XBRL
Integrated with portfolio system
Other integrations possible
Simple, intuitive solution
Always up-to-date with latest taxonomy from EIOPA
Supports ECB add-ons
Cloud based system, easy to connect multiple users
Integration with existing systems
Escali Supervision can integrate with 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.
Simple Data collection
As well as the possibility for integration with existing systems the system also accepts manually recorded data together with clip and paste functionality from Excel files etc.
Fund look through
The regulations require investements in funds to reported based on asset category, country and currency. In practise this often means that full fund look through data with many thousand individual investements needs to be analysed. Escali Financial helps you gather and structure this data whilst Escali Supervision produces the reports automatically from the detailed fund data.
Workflow and role distribution
Due to the large amount of data, EIOPA reporting can be demanding. Supervision therefore helps you gain control over the process. The system maintains control over which data is imported, controlled and approved. By assigning responsibilities for the various tasks, as well as deadlines for data collection / approval, you can always have control over the progression and reporting deadline.
All data imported or registered in Escali Supervision is validated. At each step in the reporting process we perform checks and notify the user of any issues. Initial validation when importing or registering data and a reconciliation between accounts and investments is performed. A comprehensive validation according to EIOPA's validation rules is also performed when producing the XBRL file. This way, you can rest assured that the report submitted meets all data requirements.
Escali have extensive experience in reporting for insurance companies. By using our systems, you also gain access to our in-depth knowledge of what it takes to deliver a fully compliant report. We understand the data and we understand the data requirements.
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.