A Full Suite of Regulatory Reports, Wherever You Are Located
Improve the Accuracy and Ease of Filing Your Investment Statements With Clearwater
Clearwater helps Canadian, U.K., and Bermudian/off-shore insurers, reinsurers, captives, and Lloyd’s syndicates file timely period-end reporting and keep up with ever-changing investment accounting and IFRS reporting requirements. Clearwater’s robust security master, combined with our proprietary flexible Solvency II reporting solution, provides the foundation for regulatory reports to fit any required reporting format.
Europe’s long-anticipated international accounting regime features a set of complex standards for Solvency II reporting on investment-related assets. Clearwater helps you file detailed QRTs, as well as temporary QIS 5 reports, that insurers and syndicates must provide to the European Insurance and Occupational Pensions Authority (EIOPA) each quarter.
‘The new Solvency II regime has created a greater demand for better investment portfolio systems. Transparency is a key requirement of Solvency II, and is a factor that influenced our decision to use Clearwater.’
–David Astor, Chief Investment Officer, Hiscox
Lloyd's Risk Management
After the 2014 Solvency II dry run, Clearwater experts met with Lloyd's syndicates to discuss their biggest challenges and the lessons they learned during the process. Download the Lloyd's Risk Management white paper for insights into the most prevalent and impactful issues that syndicates struggled with, and best practices for complete data accuracy across all Lloyd's reporting, including Solvency II.
Lloyd's has strict requirements for its managing agents and syndicates. Learn how Clearwater can help you file all of these reports, plus required supplemental reports, automatically.
Prudential Regulation Authority (PRA) Reporting
The Bank of England’s regulatory arm requires a comprehensive set of asset and liability reports to demonstrate insurers’ fiscal solvency. Clearwater assists with the filing of the annual Form 13.
Bermuda Monetary Authority (BMA) Reporting
Bermuda’s integrated regulator of the financial services sector requires quarterly BMAs for all insurers, reinsurers, and captives. Clearwater provides detailed reporting to satisfy these requirements.
Canadian OSFI Reporting
The Office of the Superintendent of Financial Institutions (OSFI), the primary regulator of Canada’s insurance industry, requires quarterly reporting for all financial data. Canadian insurers can rely on Clearwater to provide customizable reports that satisfy OSFI requirements for investment-related assets.