AM Best Information Services




APRIL 28, 2021 08:13 AM (EDT)

AM Best Introduces Enhancements to Risk Component Feature in Best’s Financial Suite – Solvency II


CONTACTS:
 Bryan Martyn
Director, Information Products
AM Best Europe – Information Services Ltd
+44 207 397 0292
bryan.martyn@ambest.com


FOR IMMEDIATE RELEASE

LONDON - APRIL 28, 2021 08:13 AM (EDT)
AM Best has released enhancements to the Standard Report “Own Funds, SCR and MCR” in the Best’s Financial Suite – Solvency II database and analysis system, to further assist clients in their analysis of European Union insurers and markets.

The Solvency II Standard Report “Own Funds, SCR and MCR” and the Custom Report Wizard, for user-defined multi-company data exporting, now include the major risk types for companies that file under the Partial Internal Model or the Full Internal Model in any year.

Solvency II Country and Industry Total Reports also reflect the major risks from companies filing under the Standard, Partial Internal and Full Internal Models, alongside those reported by companies filing under the Standard Model.

The Solvency II Standard Report “Own Funds, SCR and MCR” has also been updated to include the following fields from the risk forms:


  • Capital requirement for business operated in accordance with Art. 4 of Directive 2003/41/EC;

  • Capital requirement for other financial sectors (Non-insurance capital requirement);

  • Capital requirement for non-controlled participation requirements;

  • Capital requirement for residual undertakings; and

  • SCR for undertakings included via D&A.

To learn more, please visit http://www.ambest.com/sales/financialsuitesolvencyii .

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.