Also nominated for "Best Regulatory Reporting Software", Invoke has won "Best Data Solution" competition at the Insurance ERM Awards.
Given in categories covering risk practitioners in insurance companies, ALM and insurance solutions teams in banks, technology providers and consultants, Insurance ERM awards have been voted by a jury composed of senior insurance industry experts from across Europe and the UK.
Quoted from Insurance ERM:
"In an environment where the guidance notes for just one Solvency II filing can run beyond 100 pages, Europe’s insurers require failsafe and comprehensive reporting packages. More than 20% of the underwriters – and 650 in total – used the Invoke FAS Regulatory S2 software system this year for their pillar 3 reports, according to its developer.
It handles local demands, such as country-specific reporting templates and Lloyd’s core market returns reporting in the UK, and technical specificities including e-signatures for French and Romanian regulators. It can dovetail with existing IT systems and the fact that four of Europe’s largest 10 underwriters use it attests to its resilience in the face of high volumes of complex data.
[...] Its primary application is to pillar 3 reporting, but it also helps with the other pillars, for tasks such as calculating solvency and minimum capital requirements under the standard formula; creating Solvency II solo and group balance sheets, capabilities related to the own risk and solvency assessment (ORSA) process, and simulation. Insurers can also use the package for tasks such as budgets and forecasts, management reporting, and annual accounts. "
Take the ultimate step to unified reporting with Invoke!
Thanks to its unique data modeling capability, Invoke Regulatory S2 allows for unified reporting, beyond mere regulatory reporting, within a single, centralised solution.
A complete, end-to-end solution, from data collection to the « last inch » of disclosure, Invoke Regulatory S2 not only covers European reporting models (EIOPA, FSB, ECB), but also local requirements, be they country-specific reports (Irish National Specific Templates (NSTs), French NSTs, LCB Reporting in Luxembourg, Lloyd’s Core Market Returns reporting in the UK, and soon, UK NSTs in XBRL), or technical specificities (electronic signature for the French and Roumanian regulators, local filing rules, etc.).