Challenges
Fast and economical reporting processes require high-quality software support
The third Solvency II Pillar regulates reporting obligations to supervisory authorities and to the public. The high reporting frequencies pose a significant challenge for financial institutions. Software that is not user-friendly leads to disproportionately long reporting times. The software must be able to guarantee the timely implementation of the taxonomy as well as an audit-proof reporting process.
Solutions
You are securely and efficiently equipped with the zeb.control software solution
- Integration and representation of the entire QRT set according to the current EIOPA taxonomy
- Creation of complete and valid XBRL instances for quantitative reporting
- Integrated SFCR reporting (SFCR-QRTs)
- Manual correction function for QRTs for necessary changes shortly before the notification date
- Validate XBRL instances and output the errors identified based on the EIOPA validation rules in a clear and well-structured validation protocol
- Data interface with easy-to-use input formats with a standardized QRT template structure and business templates
- Regular updates of the taxonomy used
Related solutions: Solvency II - Pillar I, Solvency II - Pillar II and IORP Reporting
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Benefits
- Reporting requirements are implemented quickly, reliably and cost-effectively
- Taxonomy always up-to-date
- Audit-proof and comprehensive reporting process for easy-to-use reporting
- Highest efficiency through workflow-based processing support
- Access to the knowledge of the leading provider of solvency solutions in Europe
References
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