Silverfinch: the insurer’s solution to Solvency II

The Solvency II directive means that insurers now have to request look-through information on their fund-of-fund investments from their asset management partners. Many insurers have investments with more than 100 asset managers, across thousands of funds.

Silverfinch is a utility that allows insurers to organise and request the access to the granular holdings data they need to fulfil their Solvency II reporting model.  The Silverfinch fund data utility removes the operational challenges of capturing fund asset data from multiple sources and instead provides the market infrastructure to allow insurers and asset managers to interact and manage data requests in a simple, secure and standardised way.

Benefits to the insurer

  • Provides fundamental look-through data to drive Solvency II reporting
  • Delivers data in standardised unified format via a single delivery to maximise cost savings and operational efficiency
  • A single centralised source for Solvency II Pillar 3 reporting and Pillar 1 asset data requirements – Access to timely data at sourceinsurer

Key features of Silverfinch

  • Look-through reports
  • Permissioning
  • Automated fund portfolio matching
  • Sourcing support

 Want to know more?  Download our insurer data sheet here