KPMG Solvency II Vantage Analytics FAQs

KPMG Solvency II Vantage Analytics FAQs

Frequently asked questions on KPMG's Solvency II Vantage Analytics.

Also on KPMG.com

What is KPMG’s Solvency II Vantage Analytics?

  • KPMG’s Solvency II Vantage Analytics aggregates participant’s quarterly and annual Solvency II XBRL files with the submissions of other insurers. From this, KPMG calculates averages, ratios and other statistics for the whole population, enabling users to meaningfully analyse and benchmark their own data.
  • The PDF report which KPMG’s Solvency II Vantage Analytics clients receive includes: a KPIs dashboard with key metrics, detailed analysis of assets liabilities and other items, benchmarking against participating insurers averages, and trend analysis as Solvency II reporting develops. See an example report.

Content

Would you stratify the market benchmarking, for example between life and general insurance?

We will provide some metrics that will show splits between life and general. In future, we may further stratify, for example, by country and by type of insurer.

Do you distinguish between solo and group entities?

For group entities the benchmarking will be against the whole population, in future we might benchmark just against other groups.

Which companies participate in this service?

The service is open to all UK insurance companies and groups. We will consider expanding to other countries in the future. We do not reveal any names or company-specific information. We will only share information about the number of companies included in the benchmark population.

How can I be sure that the data I submit is secure?

Our data security policy complies with ISO 27001 standard, which specifies the requirements for establishing, implementing, maintaining and continually improving information security management systems.

Do you offer any tailored reports?

We do not provide reports tailored to each individual subscriber as part of this service. However, we may consider adding this feature in future.

Can I request a printed copy?

The report is available in an electronic PDF version only. However, it will be printable and editable for your needs.

What if my company is subject to reporting exemptions?

The benchmark data will only be available for data submitted in the QRTs. We will be unable to process submissions from entities exempt from submitting the Balance Sheet and Own Funds QRTs.

How do we contract with you for this service?

The service is offered only through our standard contract terms, which will be shared with you if you decide to take up the service. You will be required to sign the contract with us each year on the payment of the annual fee.

Data security

How can I be sure that the data I submit is secure?

Our data security policy complies with ISO 27001 standard, which specifies the requirements for establishing, implementing, maintaining and continually improving an information security management systems.

Pricing

How much will the service cost?

An annual subscription comprising four quarterly reports and one annual report will cost £5,000 + VAT for 2017

In the case of groups, you would pay for each entity included and, if you wish, for your group as a whole. For example, for a group with three regulated insurers, the price for your annual subscription would be £20 000 (£5,000 for the group and £5,000 for each of the three insurance entities). Of course, if you would only like the report for one insurer, the price would be £5,000 per annum.

How does the free trial period work?

For the first hundred expressions of interest we are offering the first quarter’s report free of charge. The offer will apply to one insurance company per group only.

What if I would like to subscribe half-way through the year?

It is possible to subscribe at any time. The price will cover the next four quarterly reports and one annual report.

Do you offer any tailored reports?

We do not provide reports tailored to each individual subscriber as part of this service. However, we may consider adding this feature in future.

Can I request a printed copy?

The report is available in an electronic PDF version only. However, it will be printable and editable for your needs.

How do we contract with you for this service?

The service is offered only through our standard contract terms, which will be shared with you if you decide to take up the service.

You will be required to sign the contract with us each year on the payment of the annual fee.
 

Other

Who do I speak to if I want to know more?

Please contact us at vantageanalytics@kpmg.co.uk

Register your interest

Register your interest

Sign up for your free first report with KPMG’s Solvency II Vantage Analytics.

KPMG's Solvency II Vantage Analytics

KPMG's Solvency II Vantage Analytics

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