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Solvency II

Meet the Solvency II requirements with confidence

After more than a decade in the pipeline, Solvency II finally went live on January 1st 2016. Insurance firms are looking to get over the line with a simple, robust and reliable XBRL converter. We’ve been transforming internal business data into XBRL for over six years and our robust technology is now available for Solvency II reporting.

Solvency II reporting doesn’t have to be a burden. Simply download the template and populate them like a normal Excel spreadsheet. For extra support, our integrated templates have EIOPA’s validation rules built in, so you know your data is accurate. Upload the templates to our secure portal and convert to XBRL in one click. With no installation and expert support on hand, you can spend less time on reporting and more time using the valuable data you’ve collected.

Larger firms looking for additional governance can use our approval feature, giving even greater control over your data prior to XBRL conversion. Additionally, you can always access a full version history report to see every change made to your templates along the reporting process.

We take security seriously at Arkk. That’s why we host our Solvency II tool on Microsoft Azure – the chosen secure cloud platform of more than half of Fortune 500 companies. The Arkk team work closely with our Solvency II clients to ensure that their internal security requirements are met at every stage. Arkk Solutions are ISO 27001 certified, showing our commitment to keeping your data secure.

For Captive Managers, our bespoke portal allows you to edit user permissions and gives full visibility over who has edited and converted the templates. We also provide a solution exclusively for submitting the NSTs (National Specific Templates) in Ireland.


Summary

  • Templates compatible with Microsoft Excel
  • No installation required
  • Simple & secure web upload process
  • Link to existing Excel documents - no rekeying of data
  • Automated validation and consistency checks
  • EIOPA's validation rules built into Excel templates
  • NSTs available
  • Captive Managers tool available

We use arkk solutions for our Solvency II Insurance Regulatory Reporting. We were impressed with the simple set up and ease of use. The support service was also excellent.

Niall Jones – Head of Finance, Volkswagen Insurance Company / Volkswagen Reinsurance Company

Demonstration

The Arkk Solutions Solvency II portal allows you to produce EIOPA valid XBRL submissions from standard Excel templates, populated on your own desktop.  

You can tailor the quantitative report templates to match your firm’s filing profile. Next, download the templates as standard Excel workbooks, ready to populate locally with your own reportable data.  

When you are ready to submit, upload your Excel templates to the Arkk secure Portal for EIOPA level validation and conversion to XBRL for submission to your local competent authority.  

For a full demo or for further details on how we can support you with your capital reporting obligations please get in touch with the Arkk Solutions team.

Key Features

  • Integrated Microsoft Excel Templates
    Built-in validation rules from EIOPA provide instant feedback so you know the data you’re entering is correct
  • Easy to use
    Simply log on, upload your Microsoft Excel template, convert to XBRL at the click of a button and download your file. Validation errors are flagged up immediately so you know that your submission will be accepted.
  • Security
    Our service is hosted on Microsoft Azure, the chosen secure cloud platform of more than half of Fortune 500 companies. Arkk are ISO 27001 certified, and some of the world's largest banks and insurance firms trust us with their XBRL conversions.
  • Reconversion for extra assurance
    Want to check your report one last time? You can convert your XBRL file back into a human readable format so you can have total confidence in your submission
  • Future Proof
    Our strong relationships with industry regulatory bodies allow us to get first-hand insight into forthcoming legislation changes and keep our software and services up-to-date. Regular updates and upgrades ensure you remain up-to-date with all changes in submission requirements.
  • Cost effective
    Our competitively priced tool provides you with the trusted XBRL conversion software you need to submit compliant Solvency II reports on time, with no installation costs
  • Expert phone and e-mail support
    Our support team are the Solvency II experts, frequently updating our Arkk Knowledge Base with tips and guides on how to use our tool

Talk to us about simplifying your reporting

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Get in touch with our team of Regulatory Experts:

+44 (0) 207 036 2758 (UK) +353 (0) 1 525 5409 (Ireland)

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