Convista Solutions: Solve your Solvency II requirements with SolVentos

SolVentos automates key components and standards of Solvency II

SolVentos is the solution for Solvency II requirements

The solution to meet Solvency II requirements is offered by Convista’s software solution SolVentos. SolVentos automates important components and standards of Solvency II. New regulatory requirements set new standards that extend or partly replace existing reporting. In many cases, the requirements overlap.

Solvency II poses significant challenges for European insurance companies in the area of risk treatment and the preparation of risk and solvency reports. Extensive requirements for data management and the creation of integrated data landscapes by merging diverse and complex IT systems are the result.

Your advantages with SolVentos

XBRL transmission to the supervisory authority
Predefined QRT reports incl. ongoing updates for changes
Reference data model in SAP BW
Data storage ensuring auditability, operational reliability and performance
Calculation logic according to Solvency II standard formula as per QIS5
Flexible transfer and capture of raw data
Monitor for management of the Solvency II reporting process
Flexible connection to various data management systems
Use of data for internal reporting
Data basis for qualitative reporting

Our solution offers you a KPI tool for system-supported consolidation and for managing reporting requirements. The principle here is that individual reports do not have to be populated first and then laboriously checked for plausibility against each other, but rather the reporting requirements are consolidated in advance into a consistent data model that satisfies all reporting requirements.