Interactive Data Debuts Solvency II Service

Darren Marsh

Data vendor Interactive Data has launched a service to help firms fill gaps in the data that must be reported to regulators as part of Solvency II, the European Union directive on capital adequacy and risk management for insurers.

The service will provide the new complementary identification code (CIC) that has been created as part of the regulation; Nomenclature des Activités Économiques dans la Communauté Européenne (NACE) codes, previously rarely used in the financial services industry; and l