Franklin Templeton Taps Silverfinch Ahead of Solvency II

The California-based asset manager is expecting to receive a vast amount of data requests from its insurer clients as Solvency II takes effect on 1 January 2016, when a new look-through requirement for invested assets across both internal and externally-managed portfolios will come into force.

"The ticking of the Solvency II clock is growing ever louder," says John Dowdall, managing director of Silverfinch. "What's concerning is the number of those in the asset management industry still unsure as to how they will deal with the hundreds, potentially thousands, of requests for very granular look-through data from their insurer clients. Unless asset managers can provide the necessary information, in the right format and within regulatory deadlines, these insurers will be in great difficulty."