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.
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.
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.
Risk and solvency calculations made easy.
An extensive library of calculation models is available, including the standard formula (SCR/MCR, counterparty default, catastrophe, market and risk margin), triangle projection, best estimates, annuities, long-term care, funeral and ORSA.
For every calculation, the system records all input and output data, the model version, and identification of involved users. With the systematic saving of all calculation parameters combined with workflows and versioning, you can track down the data used to produce a given result with just a few clicks. You can also re-run past calculations.
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.
All results are automatically shared with the Compliance Regulatory Reporting module for the production of regulatory and internal reports.
Duck Creek Compliance checks and optimizes data quality through its robust datamart and advanced automation of the reporting process.
The business platform for regulatory compliance for insurance companies.
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.
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.
The exceptional business expertise of our support teams helps you quickly get up to speed with using Duck Creek Compliance.
Duck Creek Compliance is natively designed to meet regulatory requirements for traceability and auditability.
Duck Creek Compliance adapts to regulator changing requirements as a highly customizable solution with various degrees of adaptability and sophistication.