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Bedford, MA Office

32 Crosby Drive
Bedford
MA
US

London, UK Office

Fitzroy House, 13-17 Epworth Street
London
GB

Australia, Melbourne Office

1155 Malvern Road
Malvern
Melbourne
AU

France, Paris Office

9 rue de Téhéran
Paris
FR

Ireland, Dublin Office

6 Georges Dock, 4th floor IFSC
Dublin
IE

Luxembourg, Lux Office

5th floor 28 boulevard Royal
Luxembourg
LU

Switzerland, Geneva Office

25, rue Kléberg
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CH

New York, NY Office

100 William Street, 17th Floor
New York
NY
US

White Plains, NY Office

100 Hillside Avenue
White Plains
NY
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Santa Monica, CA Office

2901 28th Street, Suite 300
Santa Monica
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Hayward, CA Office

3955 Point Eden Way
Hayward
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Singapore Office

1 Raffles Place #21-02 One Raffles Place
Singapore
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Hong Kong, Central Office

2001-2005, 20/F The Center 99 Queen's Road Central
Hong Kong
HK

Channel Islands, Jersey Office

8 Hill Street St Helier
Jersey
GB

Germany, Frankfurt Office

Sandweg 94
Frankfurt am Main
DE

Spain, Madrid Office

Francisco Silvela 42 1a planta
Madrid
ES

Switzerland, Zurich Office

Loewenstrasse 2
Zurich
CH

Australia, Sydney Office

Suite 405/368 Sussex Street
Sydney
AU

Japan, Tokyo Office

Kyobashi No. 8 Nagaoka Bldg. 1F 2-20-9 Hatchobori Chuo-ku
Tokyo
JP

Location Office

International House 1 St. Katharine's Way
London
GB

Italy, Rome Office

Via Cristoforo Colombo, 149
Rome
IT

Chicago, IL Office

600 West Fulton, 7th Floor
Chicago
IL
US

New York, NY Office

100 Church Street, 11th Floor
New York
NY
US

UAE, Dubai Office

805, City Tower 2 Sh. Zayed Road
Dubai
AE

Lombard, IL Office

955 Parkview Boulevard
Lombard
IL
US

Australia, Melbourne Office

Level 36/2 Freshwater Place Southbank Boulevard Southbank
Melbourne
AU

Telephone

02072653703

Contact

tony cossey a cossey
[email protected]
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Interactive Data Launches Solvency II Service

New service supports data management and reporting requirements under Solvency II

Interactive Data Corporation, a leading provider of global pricing and reference data, today announced a new service designed to support cross-asset data management and reporting requirements under the European Union’s Solvency II Directive.

Interactive Data’s Solvency II Service draws on the firm’s extensive, high-quality and in-depth pricing and reference data, including independent and industry-leading evaluated pricing for thinly traded instruments.

The new service will help to streamline data management, and enhance transparency, by providing insurers and the asset managers that work on their behalf with more granular information on their investments and on the entities issuing the assets.

Nicolas Michellod, senior analyst at Celent, said: “Addressing Solvency II remains one of the most important preoccupations of European insurers. They need to not only evaluate how they can leverage existing IT infrastructures, but also to find the right balance between their internal IT applications and specific technology offerings from expert providers to meet qualitative and quantitative reporting requirements. This is particularly true when examining the data management requirements that are extremely complex due to the sheer quantity and quality of data that is required to identify, manage and monitor the various risk categories.”

The breadth of data available within Interactive Data’s Solvency II Service can enable firms to efficiently calculate the market and default risk measurements demanded under the Solvency II Pillar 1 Minimum Capital Requirements (MCR) and Solvency Capital Requirements (SCR). It also provides the additional asset data required for the Quantitative Reporting Templates (QRTs) under Pillar 3.

The Service includes the Complementary Identification Code (CIC), an asset level classification schema explicitly required for Solvency II. This is in addition to NACE, SIC and NAICS classifications to provide consistency across global entities and asset classes, and which are mapped to over four million individual assets.

Brendan Beith, managing director Pricing and Reference Data - EMEA at Interactive Data, commented: “Data volumes and complexity will increase due to changes in investment profiles triggered by Solvency II asset risk weightings. Aggregating that detailed asset information from multiple sources could prove to be a difficult and time consuming task. We have taken a broad approach to the data challenge that this new regulation presents, leveraging our experience and expertise to deliver an in-depth service that will support compliance with Solvency II.”