SolvencyTool

Add your transactions from the latest quarter

TP Tool processes millions of transactions - both for claims and premiums

You can seamlessly pull in data from your policy and claim handling systems. Claim transactions are structures on a product, cover level and the same applies to the premium transactions. TP Tool automatically scans for lack of data completeness or inconsistencies. This will ease your assessment of data quality prior to your analysis.

Learn more

And even smoother to correct validation errors

Simplify error handling through automatic resolution with our resolvers

Get rid of loads of validation errors in seconds. Validation issues can be tricky and time-consuming to resolve. We provide fast indications of your potential issues and even offer automatic resolution to correct such errors within seconds. In many regions we even applied additional nationalspecific validations based on feedback or definitions from the relevant financial authority in the country.

Learn more

Fill in missing information to ensure completeness

SmartData is right at your hand.

SmartData is embedded in your QRT Tool. You can use the embedded asset data in our QRT Tool. More than 13 million securities traded in European and British stock exchanges are available. Also, Global Legal Entity Identifier Foundation data is made available, so you can populate missing information about ultimate parent, LEI-codes etc. We have organised the repository by ISIN code, so you can improve and streamline your reporting easily, automatically, and with blazing-fast performance.

Learn more

And the automation goes on.

With QRT Tool and SCR Tool even more reporting is already available

Reuse data from your other tools

If you are subscribing to our reserving tool for calculating technical provisions, TP Tool, lots of pre-populated templates are already available. You can import them directly to your financial reporting package for the quarter or the year. The preparation is easily done with TP Tool, and it produces ultraportable results for SCR-calculations and QRT-reporting.

Our SCR Tool will pre-populate the regulatory reporting concerning your capital requirements - simply pull it in from the relevant calculation by the click of a button.

Certified and secure

TP Tool is a certified ISAE 3000 software solution. Our controls are typically being audited by Deloitte, PwC or a similar well-renowned consultancy firm. Penetration tests have been performed by a specialized third-party security firm to ensure and validate our resilience. TP Tool also comes with a planning tool, where deadlines for each template can be defined. When a template is finished by the responsible person, it can be locked and sent for review to another person to guarantee a 4 eye’s principle.

Automatic Currency Conversions

TP Tool offers a rapid and smooth currency conversion of the entire reporting package. Captives may wish to produce their reporting packages in the same currency as their financial statements. Nonetheless, Financial Authorities may require other reporting currencies for solvency II submission. TP Tool offers a lightning-fast conversion with automatic look-up at ECB for the conversion rate as at the reference date of the package.

Multi-Entity Support

Groups can define all their legal entities under their reporting tool account. You can easily produce reporting for all entities, and they will be naturally organised. If you prefer separated accounts with separated data as well for each legal entity, we provide easy access. One username – multiple access. You simply choose what entity you work with at logon. TP Tool makes it easy to work as a consultant for multiple insurance companies.

Switching to TP Tool

You can easily switch to TP Tool. We provide you with a free and noncommittal account in the full test and transition period. Assistance with the transition period is available and we are ready to give you a hand with the integration of some of your internal sources.

Subscribe today