Type of System
- Asset/liability management
- Capital modelling
- Data management
- Economic capital aggregation
- End-to-end ERM or Solvency II solution
- Governance, risk, compliance
- Internal/external reporting
Type of Platform
The offering facilitates
- Solvency II standard formula
- Solvency II internal model
Implementation and Costs
Typical implementation costs:
Implementation cost is an up-front licence fee and first year support & maintenance fee. Price depends on number of users for the Pillar I and III modules and the Scenario Analysis Tool + Non-life BE module. The Solvency II Data Mart has a license fee per legal entity.
How long does your software take to implement on site?
The SII Engine is installed in 1 day. Including data verification sessions, clients are able to calculate and produce reports instantly.
Integrating SII Engine to client backend systems is completed in 30 man days for a SCR calculation, Quarterly report submission and Capital projections, scenarios, reverse stress. Additional 30 man days for the data remaining in regards to a Annual Report Submission
Please name companies that use the system/solution:
The SII Engine is used by +200 business users in +60 companies across 12 different EU countries