Algorithmics Enhances Standard Formula

Risk solutions providerAlgorithmicshas upgraded its Solvency II Standard Formula reporting capabilities. The firm has rolled out a new web-based Standard Formula reporting product Algo Audit and Compliance. The new solution will deal with Pillars 2 and 3 of Solvency II, which require insurance firms conducting business in Europe to develop appropriate governance and reporting procedures.

The product, which provides a full audit trail and introduces workflow around the production and execution process, is based on eFrame, a web-based solution for spreadsheet control in management reporting activities, from十点左右. Algo Audit and Compliance reporting package includes predefined templates for QIS 5 Standard Model and QRT quantitative/qualitative reports.

Click here for the release fromAlgorithmics.