Solvency II
With our clients and partners, ISC continues to provide cost-effective consulting. Working within the time frames set by regulators and clients, ISC has delivered successful regulatory projects, ensuring our clients are able to comply with their regulatory responsibilities.
The Brief
A longstanding client of ISC instituted a multi-year programme to improve and automate the provision of Pillar 3 asset data to their principle insurance client for Quantitative Reporting Template delivery to the regulator. This data forms one strand of the full data set included in their Solvency II reporting.
Project Scope
The existing solution was manual, resource heavy, prone to error and would not, in the medium term, satisfy the requirement to deliver data within a shortening time scale. The project looked to address these issues and requirements, through a multi phased approach which would look to incrementally reduce the BAU time to delivery. The delivery was complicated by concurrent firmwide changes to core front/back office requiring the controlled migration of solutions from old to new environments.
Our Role & Value
ISC’s role spanned the full length of the project, providing project management and expert analysis resource. The continual engagement ensured project knowledge remained within the project team, and with the concurrent adoption of Agile based work tools, experience and knowledge was shared beyond the project team.
The Outcome
At the completion of each incremental project phase, time to delivery was shortened and the building blocks for the next phase were put in place both on a developmental and infrastructure basis. The partnership between client & ISC allowed the project the certainty that consultants would always provide continuity in a programme with so many moving parts.
Client Reflections
“I worked with consultants from ISC for 4+ years at Fidelity International. During this time, we found ISC consultants to be very professional and knowledgeable, particularly in the world of Investment Management. The consultants brought their experience to inject new ideas, innovation and pace in to the programmes of work. The deliverables were of excellent quality which set a precedent for others. They were proficient in both business and technical aspects, liaising with senior business stakeholders as well as technical developers. I would not hesitate to recommend ISC.”
Samantha Taylor-Smith
Fidelity International
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