SolvencyTool

Cloud-based Solvency II compliance software for insurance carriers and pension funds

Compliance & Regulatory Established Bootstrapped

Overview

SolvencyTool is a regulatory compliance software platform for insurance carriers, pension fund operators, and other entities subject to European insurance regulation. Founded in 2011 by actuaries Caspar Richter and Martin Johansen, the company is headquartered in Taastrup, Denmark, and serves clients across the EU and UK.

The platform delivers an integrated suite of tools covering Solvency Capital Requirement (SCR) calculations, technical provisions, XBRL regulatory reporting, and reference documentation for Solvency II requirements. Data can be pulled from multiple sources including databases, Excel files, and CSV inputs, and reusable mappings carry over across reporting periods. The system is ISAE 3000 Type II certified, with controls audited by Deloitte and PwC.

SolvencyTool operates in a narrow regulatory niche, serving clients that must report to EIOPA and the Bank of England. The company is bootstrapped and maintains a focused product portfolio rather than expanding broadly, with specialized tools for ring-fenced funds, pension fund IORP reporting, and compliance with newer directives including DORA and IRRD.

Products & Services

QRT Tool

XBRL regulatory reporting tool for Solvency II Pillar III submissions. Generates quantitative reporting templates (QRTs) required by EIOPA and the Bank of England, with automated data integration from multiple input sources and reusable period-to-period mappings.

Key Features

Automated generation of EIOPA-required QRT reports
Data integration from databases, Excel, and CSV sources
Pre-populated metrics from SCR Tool calculations
ISAE 3000 Type II certified with Deloitte/PwC audit controls

Target Users: Finance and actuarial teams at insurance carriers

SCR Tool

Calculation engine for Solvency Capital Requirements under the Solvency II standard formula. Integrates directly with the QRT Tool to pre-populate regulatory metrics.

Key Features

SCR calculation per Solvency II standard formula
Capital planning support
Direct data feed into QRT reporting workflow

Target Users: Actuarial and risk teams at insurance companies

TP Tool

Technical provisions calculation tool covering best estimate liabilities and risk margin components required under Solvency II.

Key Features

Technical provisions calculation
Capital planning and scenario analysis
Integration with SCR Tool workflow

Target Users: Actuaries and finance teams at life and non-life carriers

RFF Tool

SCR calculation tool for ring-fenced funds within insurance group structures, covering the distinct treatment required under Solvency II for segregated fund portfolios.

Key Features

Ring-fenced fund SCR calculation
Group-level reporting support

Target Users: Insurance groups with ring-fenced fund structures

BOE Tool

XBRL reporting solution for Bank of England insurance regulatory requirements, extending the SolvencyTool platform to UK-regulated entities post-Brexit.

Key Features

PRA/BOE XBRL submission support
Adapted for UK Solvency II (retained) framework

Target Users: UK-regulated insurance carriers

IORP Tool

XBRL reporting solution for occupational pension funds subject to EU pension fund regulation (IORP II Directive).

Key Features

EIOPA pension fund XBRL reporting
IORP II compliance support

Target Users: Pension fund operators

Acts & Regulations Database

Reference library covering primary Solvency II legal texts, EIOPA guidelines, ORSA requirements, IRRD, and DORA, with regulatory interpretations and explanations.