SAP has announced a new solution designed for insurers faced with meeting the stringent reporting requirements of the Solvency II Directive and its approaching deadlines.

SAP’s Solvency II Regulatory Reporting software provides a cost-effective fast track for insurance companies to make public disclosures through regulatory reporting as required under the mandates of Solvency II, according to the provider. In turn, the improved transparency will also help European officials better determine compliance and enforcement of the new regulation.

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