Solvency II solution will allow the organization to comply with the global directive’s requirements as well as submit the legal insurance reports as required by the National Bank of Belgium (NBB) and the Nederlandsche Bank (DNB).
Argenta accounting director Willy Schalk said, "Through our positive experience of their regulatory reporting solution for our banking operations and the knowledge consistently demonstrated by their experts, we feel assured that their Solvency II solution will meet the needs of our insurance business."
The Solvency II requirements, outlined by the European Insurance and Occupational Pensions Authority (EIOPA), are believed to be particularly challenging and onerous for insurance institutions.
Wolters Kluwer Financial Services Europe, Middle East and Africa vice president Kris Van Bavel said, "With our integrated solution platform, Argenta will address the reporting and risk requirements of Solvency II, whilst continuing the great service provided to its banking business."
