Solvency II Solutions and insurance consultants Barnett Waddingham have entered into a strategic partnership.
This teams Solvency II Solutions’s Tabular platform with Barnett Waddingham’s actuarial consulting services, to help insurance companies to meet Solvency II reporting requirements.
The partnership will offer companies a simple ‘end-to-end’ service that will simplify Solvency II reporting requirements, which will be compulsory from March 2016.
Through the Tabular platform, Solvency II Solutions will cover data integration and reporting, while Barnett Waddingham claims that its consulting experience in system and process transformation “will help insurance companies to reap the benefits of an efficient, repeatable and auditable Solvency II reporting framework”.
John Staines, CEO of Solvency II Solutions, commented: “We are very excited to come to the market with this joint proposition. Barnett Waddingham offer Solvency II programme change expertise that Tabular clients wishing to bring in external resource can take real benefits from.”
“The competitive price point and innovative offerings of both parties make this a compelling proposition for insurers looking for an efficient and sustainable Solvency II reporting framework.”
Scott Eason, head of insurance consulting at Barnett Waddingham, said: “The idea behind this partnership was to develop a solution [that] makes complying with the new Solvency II reporting requirements as hassle free as possible for insurance companies.”
