Algo Audit and Compliance

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Secure, auditable reporting for Solvency II Pillars 2 and 3

Algo Audit and Compliance is a comprehensive workflow, governance and Standard Formula reporting tool that offers insurers enhanced auditable reporting for regulatory compliance. It provides insurance firms with the cost-effective capability to integrate information from their existing infrastructure, supporting secure and auditable reporting for Solvency II.

Algo Audit and Compliance features include:

Enhanced security and auditable reporting supports Pillars 2 and 3 of Solvency II.
Cost-effective integration enables use of information from your existing infrastructure.
Streamlined workflow processes enhance efficiency and significantly reduce reporting time.
Pre-configured reports for Solvency II support optimum ease of use.

Enhanced security and auditable reporting

Algo Audit and Compliance offers insurers a Standard Formula reporting tool with enhanced security features and support for auditable reporting including version and process control, traceability, sign off and approval features.
Provides you with checks and approvals capabilities for both data and assumptions on a robust, optimally transparent platform.
Supports full compliance with the EIOPA standard model.

Cost-effective integration

Offers swift and cost-effective integration with your existing infrastructure.
Enables you to use information from diverse existing systems and file formats – for example, spreadsheets in Excel – while helping meet the requirements of Pillars 2 and 3 of Solvency II.

Streamlined workflow processes

Helps significantly reduce reporting times, with streamlined, pre-defined workflow production and execution processes.
Supports insurance companies in conforming to governance and reporting requirements under Solvency II, giving management the confidence to focus attention on primary business activities.

Pre-configured reports for Solvency II

Algo Audit and Compliance provides your firm with pre-configured templates for Solvency II, including QIS 5 Standard Model and QRT quantitative/qualitative reports. It offers the flexibility to add more report templates as they are developed, and supports creating custom report templates as local regulations require.
Offers a Web-based interface, designed for optimum ease-of-use that enables information collection from existing systems across the organization.