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Take Solvency II as an example of the transparency-based approach needed to calculate the Solvency Capital Requirement (SCR) and produce regulatory reports (Quantitative Reporting Template – QRT). Insurers and investment management companies are using static and dynamic data obtained from the various inventories that have been made transparent, which contain more than 1 million financial data points. An insurer holding a portfolio of 300 assets with around 20 funds and 30 or so unit-linked products has to manage over 400,000 financial data points in order to calculate its SCR and produce its regulatory reports.
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