Swedbank Robur picks SimCorp Solvency II solution
Swedbank Robur has picked technology and solutions provider SimCorp’s Solvency II solution to support mandated functions such as capital requirement calculations and risk reporting.
The solution is being added to the SimCorp Dimension platform already in use by the Swedish manager.
Robert Hyltén-Cavallius, head of Reporting at Swedbank Robur said: “Our strategy is to maximize the utilization of SimCorp Dimension by having the system support as many standard business processes as possible. We now benefit from a Solvency II solution which is fully integrated with the rest of our system. The result is higher data quality, lower operational risk and low maintenance cost. As it is an integrated part of our system setup, the solution can also be offered to our other clients.”
Interim measures of Solvency II are expected to be in force from January 2014, with a full implementation of the relevant Directive measures from 2016.