Insurance solvency

Steria has been a leading supplier of standard reporting software solutions for the insurance industry for many years.

Over 500 European insurance providers use our insurance software and services for regulatory reporting. Our Solvency and Risk Analyzer solution-Solvara- has been built to meet the very specific concerns of different insurers – from small insurance companies through to major and diversified insurance groups. It was developed in cooperation with the insurance industry and is continually updated with our development partners to ensure compliance with current EIOPA regulations.

Our objective is always to help our clients address the complexity of the new reporting regulations in accordance with Solvency II. One of the main aims of our Solvara solution is to ensure you don’t lose yourself in the minor details of EIOPA regulations, but can keep an eye on the essentials and your own business.

Reducing complexity means making it considerably easier to participate in the EC’s Quantitative Impact Study (QIS) activities and to produce calculation results in a reduced time-frame, making time to discuss results internally within your company. Solvara is thus geared towards providing users with high-quality results while saving on time and cost. It offers a wide range of functions, from secure, efficient data entry and processing through to analysis and both internal and regulatory reporting.

Regular updates ensure the product always complies with changes in regulations – including amendments implemented by EIOPA.

Delivering benefits

We use high-performance actuarial valuation methods and a transparent formula for carrying out standard Solvency II.

Our Solvara solution significantly reduces the time and effort involved in future Solvency II reporting. You receive results with excellent data quality due to the high level of automated processing of input data and you can efficiently carry out ad hoc scenario evaluations and use them as the basis for your business policy decisions.