ABACUS/Solvency II - BearingPoint

Type of System

  • Data management
  • End-to-end ERM or Solvency II solution
  • Internal/external reporting
  • Risk Management
  • Solvency II narrative reporting
  • ECB insurance statistics reporting
  • National Specific Templates

Type of Platform

  • Cloud
  • Server-based
  • Web-based
  • SaaS

Implementation and Costs

Typical implementation costs:

As with any Solvency II reporting package, the software costs are typically quite low compared to potential in-house or external effort required for ongoing data management and system integration. This level of effort can vary significantly depending on the complexity of an insurer's IT landscape and existing data quality.

How long does your software take to implement on site?

ABACUS/Solvency II can be installed within a few days. The integration with existing source systems can range from few weeks (small companies with one source system) up to several months (large multinational companies with a number of source systems to be integrated). Additional workload might be required for functional support, organisation and for training of end users.

Please name companies that use the system/solution:

Our clients include small, mid-size and large international insurance companies, comprising over 200 reporting entities in 21 European countries. They include Zurich Insurance Company, Swiss Re, AFA Insurance, Länsförsäkringar, Mutuelle Medicis, AWAC, Pacific Life Re, PRI Pensionsgaranti and others.