The SII Engine solution has now received the audit declaration from Deloitte, in regards to the latest developments on SCR Standard formula and selected QRTs, which the solution automatically generates.
The latest developments on version 3.6 of the SII Engine, includes:
- Q4 2017 and 2018 quarterly solo XBRL and 2017 annual XBRL taxonomy 2.2.0 as published by EIOPA on July 17th 2017 (and updated on November 24th and December 7th 2017).
- Calculation of SCR and MCR in compliance with Commission Delegated Regulation (EU) 2015/35, Commission Delegated Regulation (EU) 2016/467 and Commission Delegated Regulation (EU) 2017/1542
- Cross checks and validations for quarterly reporting schemes for solo legal entities as published by EIOPA in the 2.2.0 taxonomy
The audit gives customers confidence and clear documentation, of being compliant following the latest guidelines from EIOPA, and it has already been used in several cases, for demonstrating compliance to local supervisors in EU.