BNP Paribas Securities Services has launched its new Solvency II Capital Requirement Solution (SCR). The enterprise risk management tool enables insurance companies and their portfolio managers to calculate capital requirements on assets under the Solvency II framework.
The new tool will help insurers to comply with industry regulations and improve risk management. It will also enhance business decision-making and ensure financial stability over the long term.
It offers SCR asset monitoring, reporting and risk and analysis capabilities. It also provides information on all asset classes and geographies which clients can access via a web-based interactive tool. The tool will also soon be available through an iPad application.
Maxime Gibaulty, head of insurance companies for BNP Securities Services, said: “This tool helps insurance companies and asset managers better monitor their investment strategies and their impact on the capital requirements.”
“Whether accessing the data at an aggregated level via 360° view, or using our portfolio-specific spot view, this web based solution provides very detailed records, which can be analysed or broken down as necessary, for example according to asset type, rating class or holding level.”
