Duck Creek Compliance

Made Smart

Compliance

Compliance Made Smart

Duck Creek Compliance lets you internalize all of your compliance processes to satisfy EU Solvency II directive.

Combining actuarial calculations (Pillar 1) and regulatory reporting at the national and European levels (Pillar 3), Prima Compliance is a secure, all-in-one solution that is always compliant with Solvency II regulations.

Benefits

Actuarial Calculations

Simulate, and calculate, and MCR ratios required by the Solvency II regulations (Pilar 1). Simple, easy to use, the actuarial calculations module gives you peace of mind when it comes to compliance with European regulatory requirements.

Improve Process for Contract Certainty

Perform internal, national and European regulatory reporting. Equipped with a reliable audit trail, this platform automates reporting and ensures data integrity and complete adequacy with regulators requirements.

Key Features

Actuarial Calculations

Regulatory Reporting

To easily perform your risk and solvency calculations internally.

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.

The business platform for regulatory compliance for insurance companies

Compliance guarantee

Experts for more than 30 years in regulatory compliance for insurance professionals, we offer the go-to solution in the business to meet requirements for local regulatory reporting (ENS), QRT, ECB, Pension Fonds, AML-CFT, etc.

Time savings

Duck Creek Compliance automates every step in the production of your reporting. Generic inputs allow Duck Creek compliance to produce set of statements rapidly and securely, insuring data consistency.

Autonomy

The exceptional business expertise of our support teams helps you quickly get up to speed with using Duck Creek Compliance.

Auditability

Duck Creek Compliance is natively designed to meet regulatory requirements for traceability and auditability.

Flexibility

Duck Creek Compliance adapts to regulator changing requirements as well as your business processes with various degrees of adaptability and sophistication.

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