11 November 2014

FRS's InvestGRC integrates Silverfinch data

Financial Risk Solutions (FRS) has announced that Silverfinch data is now integrated into its InvestGRC product.

With asset manager approval, InvestGRC can now directly access data from Silverfinch in order to generate the more granular and frequent reports required by Solvency II for authorised insurers.

InvestGRC software allows life insurers to meet their asset-reporting obligations under Solvency II regulations and provides all the functionality needed to conduct risk and solvency assessments on investment-related business.

Silverfinch, part of the MoneyMate Group, is a global standard utility for allowing investment managers to share sensitive portfolio data with specific clients, using an industry-approved data standard.

This new functionality on InvestGRC means that users can now seamlessly produce quantitative reporting template (QRT) reports in their required regulatory format, based on Silverfinch's look-through data.

"The Solvency II directive dictates that insurance companies must provide in-depth insight into the risk and return profile of their investments," said John Dowdall, managing director at Silverfinch. "Silverfinch provides all the look-through data required for life insurers to report on their fund and fund-of-funds holdings."

Frank Carr, chief marketing officer at FRS added: "The production of QRT reports is one of the many regulatory challenges that life insurers face -- not least because of the vast quantities of data required, often from multiple sources, but also the frequency of reporting. Having one system that automates the entire process and seamlessly integrates with Silverfinch data is a real benefit." 

Latest Stories
  • Royal London acquires infrastructure asset manager Dalmore Capital

    22 May 2025

    And commits up to £500m to future Dalmore funds

  • SFCR 2025 - French insurers win out from buying into alternatives in 2024

    22 May 2025

    Non-mainstream classes now make up to one-quarter of investment returns, some firms say

  • Mercuries Life president temporarily assumes CIO role

    22 May 2025

    Taiwan lifer faced headwinds in 2023 while writing off an ETF investment

  • Allianz invests €100m to Emerging Africa & Asia Infrastructure Fund

    22 May 2025

    As part of wider $325m funding round, led by AllianzGI

  • Taiwan's Shin Kong Life gets parental capital injection for rough capital markets

    22 May 2025

    Moody's recently warned of unhedged foreign investment exposure at SKL

Cookies on Insurance Asset Risk

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here