Flexibility
An expansive library of calculation models is available, including the SCR/MCR standard formula (counterpart default, disaster, market, and risk margin), triangle projection, annuities, long-term care, life, funeral, Best Estimates, and ORSA.
Traceability
For every calculation, the system saves all input and output data, the model version, and name of involved users. With the systematic saving of all calculation parameters combined with workflows and versions, you can track down the data used to produce a given result with just a few clicks. You can also re-run past calculations at any time under the same integration conditions.
Transparency
Calculations are executed with full transparency: not only the final results are provided but also many intermediate results. This allows you to fully understand and validate the results produced by Compliance.
Integration
All results are automatically shared with the Compliance Regulatory Reporting module for the production of regulatory and internal reports.
Data Quality
Duck Creek Compliance checks and optimizes data quality through its robust datamart and automatically generates regulatory reports for your business activities.