MoneyMate Releases Solvency II Look-Through Service for Asset Managers
The utility will provide a centralized depository that normalizes and stores data from managers before it is permissioned to be distributed to insurance clients, providing a secure environment for the look-through. An identification service is also provided for managers, helping them determine which investors are in funds with high capital ratio requirements, and design strategies with "Solvency II-friendly" products to meet their needs.
"Our look-through and reporting utility provides an industry-connected infrastructure and tackles the fundamental challenges for asset managers, third-party administrators and their insurance clients under Solvency II: data ownership, opaque investment structures and security for intellectual property. A landscape-altering regulatory move like this requires a completely new model," says MoneyMate CTO Ronan Brennan.
The release is the latest in a recent series of Solvency II engines, with offerings being announced from VistaOne and Interactive Data.
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