AM Best’s Solvency II solution updated
AM Best has announced amendments to its Solvency II Solvency and Financial Condition Report (SFCR) filings system.
Upgrades to the directive, Best’s Financial Suite - Solvency II, allow users to comparatively analyse companies, markets and countries using aggregation records.
Furthermore, AM Best will update its Solvency II Data Feed application, where users are able to send quantitative reporting template data directly to a file transfer protocol model.
The system amendments will support a range of AM Best’s clients who use this data to analyse solvency requirements, balance sheets and underwriting portfolios, which includes insurers, reinsurers, brokers, asset managers and banks.