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ESCALI SUPERVISION
SOLVENCY II, ACCOUNTING AND OTHER SUPERVISORY REPORTING
Escali Supervision is a system which simplifies pension scheme and insurance company reporting to supervisory authorities.
Supervision
Insurance
system
Database
SII Validation
Investments
Accounting
system
Portfolio
system
Derivatives
Accounting
Off balance sheet
Insurance activity
Insurance reserves
Manual
input
Consistency
Solvency II
SCR data
Accounts
Cashflow data
Notes
Claims history
FORT
Reinsurance
Import data from existing systems
The system is designed to automatically import data via one or more interfaces. Data is imported from existing systems such
as:
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Accounting system
Portfolio system
Insurance system
Excel/manual input
The reporting process is automated to the maximum possible degree. Data can be imported using a wide variety of formats:
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File based import (Excel, CSV, XML osv)
Webservice
Direct database connection
Copy and paste from Excel
Control, validate and ensure consistency
Supervision incorporates all validation and controls required for Solvency II Quantitative Reporting Templates (QRT’s):
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The system controls that all data is entered in accordance with the requirements
In addition Supervision ensures consistency between Solvency II and the company accounts and other reports
Escali maintain the necessary validation and controls within the system and update for changes as they occur
These controls ensure the checks performed by supervisory authorities are completed before the required information,
minimising queries and ensuring an efficient reporting process
Functionality to store additional data for management reporting
Additional data above and beyond that required for Solvency II reporting can be imported to the Supervision database,
increasing possibilities for bespoke reporting and “drilldown” analysis of data reported.
Traceability
Supervision satisfies the stringent requirements of Solvency II in connection with traceability of data:
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All data in Supervision is marked with source, date and time of import, user etc.
All manual changes in Supervision are logged with time and date, user etc.
Functionality to secure (lock) data is included such that data used in reports cannot be changed in future.
Reporting
The system generates the reports required for supervisory reporting:
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All Solvency II QRT’s
Accounting reports including balance sheet and profit &loss statements
Accounting notes
Reports can be show on screen, printed and exported in PDF, Excel or CSV format
All reports are saved, such that one can review any previously generated report.
Workflow and assignment of roles
Due to the large number of reports and data, Solvency II reporting will be challenging for insurance companies. Supervision
can help you control the process. The system gives an overview of which data is imported, which is controlled and approved,
together with a summary of who is responsible for each different category of data:
Why choose Escali Supervision?
Solvency II reporting is a primary focus area for Escali and with Supervision you have access to a system that simplifies
Solvency II, accounting and other reporting processes. You also have access to extensive experience and knowledge we have
in this area. In particular, Supervision offers the following benefits:
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A combined solution for accounting and Solvency II, ensuring consistency between these
A simple and user friendly solution, which makes Solvency II reporting easy and secure
Flexibility to import additional data to enable analysis and drilldown of key figures
Possibility to tailor the solution to give bespoke reports
We have a wide range of insurance and pension scheme clients who use our reporting solutions
We are an agile and flexible organisation, based in the Nordic region (offices in Bergen and Oslo)
We save you time and resources by simplifying processes concerning:
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Solvens II rapportering
Accounting reports
P&L
Balance Sheet
Quarterly and annual reporting
Other reporting requirement including notes to accounts