Linedata, a French insurance, asset management and credit professionals’ solution provider, has rolled out new versions of Linedata Chorus, the fund accounting and administration service, and Linedata Nile, an integrated securities database management service, enabling institutional investors to comply with the solvency II regulations.

According to industry experts, Solvency II will definitely increase insurance companies’ capital requirements, with the aim of reducing market risk.

Linedata Southern Europe asset management, savings and insurance managing director Thierry Soret said in light of the uncertainties weighing on execution measures and time frames, the firm has taken an early approach to this initiative through collaboration with its clients, in order to provide them with timely and practical solutions.

"This new offering stems from our desire to bring an integrated and modular solution with a platform that combines the best of our financial, accounting and technological skills to the French market," Soret said.

The firms will have to pay special attention to optimize the cost of regulatory capital generated by the composition of their asset portfolios, the firm said.

The companies need to deploy a specific process and tools to assess and control market risk of the daily oversight of asset allocations while producing the new regulatory reporting required by European authorities.

According to the system provider, the platform also deals with the production of regulatory reports and allocation analyses, exposure to risk and financial results forecasts. All the recorded data is put into an audit trail so that the calculation processes are fully traceable, thereby meeting regulatory authorities’ qualitative requirements.

Linedata serves 700 clients in 50 countries and offers technology and services to manage all types of investment processes, from pre-trade to post-settlement.