How Aréas Submitted Regulatory Reports In Record Time With Duck Creek

The Challenges

• Data Quality Management
  The Solvency 2 reform brought about numerous constraints including increased volume of data, varying degrees of granularity, and stricter traceability requirements. Aréas needed an automated, transparent solution for data integrity and audit trails.
• Efficiency and Speed in Reporting
  As regulatory constraints escalated, Aréas sought a modern, digital solution for Solvency 2 reporting to streamline processes and focus on core business.
• Dedicated Business Support
  Implementing Solvency 2 required dedicated support to respond to new regulatory deadlines swiftly. Aréas needed solid technological and business support to produce first reports promptly and meet regulatory deadlines.

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The Solutions

• Aréas adopted the latest Duck Creek Compliance for efficient Solvency 2 reporting, and to continue receiving the business support provided for Solvency 1.
• Duck Creek Compliance users have control over their data, and can perform quality and consistency checks throughout the reporting process.
• Swift transition to Solvency 2 regulations with Duck Creek Technologies, enabling the preparation of the first regulatory files in record time.

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The Impacts

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About The Customer

Aréas Assurances is an independent group composed of the mutual insurance companies Aréas Dommages and Aréas Vie. With €2 billion in assets under management and €500 million in revenue, Aréas governs over 1,300 agents and employees while also managing 500+ points of sale.

The Aréas Assurances Group represents the 7th largest network of insurance agents in France, with a strong presence throughout the country. The group is also a member of the AAM (Association Mutual Insurance Companies) and ROAM (Meeting of Mutual Insurance Organizations) and is one of the top mutual insurance companies in France.
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