Bordereaux Management – Assisting with Solvency II Reporting
Intrali is a software solution for bordereaux processing and management. It standardises large amounts of bordereaux data, quickly importing and converting multiple data formats to a single template determined by you. As well as cleansing the data, the system checks and validates it against the binder terms. Enhanced reporting makes processes transparent, rendering risks visible and boosting efficiency and profitability. Advanced software features expand on collated data, adding value and making data more informative. All this is underpinned by an intuitive user interface that makes Intrali quick and simple to use.
Furthermore, Intrali can assist with reports that managing agents need to supply to meet requirements for Solvency II Pillar 3, brought in from January 2016. The reports take fields from Lloyd’s Coverholding Reporting standards which include the following:
- ASR 249 Movement of reported but not settled (RBNS) claims
- ASR 250 Loss distribution profile (non-life)
- ASR 252 Underwriting risks (non-life) – mass risks
The full submission will be required in early 2017, so now is the time to get the correct processes in place. With many coverholders still not supplying data in accordance with Lloyd’s Coverholder Reporting standards, that is where Intrali can help. By managing data to meet these standards, gathering and preparing data for Solvency II reporting becomes easy, taking no time at all.