Main news of the S74 release

SUSTAINABILITY

Sustainable Investing for Insurance

To support the companies needs to produce sustainability data reporting and fulfil requests for information made by both financial supervisory authorities (e.g., IVASS) and trade associations (e.g., Ania, ICMA, etc.), the "Sustainable Investing for Insurance" solution has been developed. The solution is based on a new data structure on which a set of new modules dedicated to Sustainability rests.

"Sustainable Investing for Insurance" is an evolving solution that, to date, allows to:

• store sustainability data of the most diverse nature (e.g., PAIs, KPIs, Scores, Ratings, exclusion criteria, etc.);

• produce all the regulatory compliance required for insurance portfolios;

• carry out, through Sofia's usual set of standard tools and functionalities, the monitoring and evolution of the situation of financial portfolios in relation to the objectives and obligations assumed by the Company with regard to environmental issues.

Within the "Sustainable Investing for Insurance" solution, the following modules are now available:

• "Sustainability Solution": constitutes the information base for all sustainability-related data. At present it manages:

• Sustainability data required for the preparation of Tables 1, 2, 3 as per the EU Delegated Regulation 2022/1288 (PAIs);
• ESG scores and ratings, exclusion criteria, and custom sustainability fields;
• the information fields necessary to prepare the Annex Bbis Ania;
• the fields necessary to prepare the EET layout.

• "PAI Calculation": allows, from the "Sustainability Solution" module, to calculate and historicize, Tables 1, 2, and 3 required by EU Delegated Regulation 2022/1288..

• "Export EET": allows, from the "Sustainability Solution" module, to calculate and historicize the FinDatEx standard EET layout to transmit data of individual portfolios/funds.

The "ANIA: Annex Bbis" module has also been updated according to the new requirements, which, starting from the "Sustainability Solution" module, enables the production of the prospectus required by ANIA for the Company's segregated funds.

For further information:
sofia.info@simcorp.com
sofia.ESG@simcorp.com

RISKALM

Active Market Data Management

To support the provisions of IFRS 7 and IFRS 13 accounting standards and in connection with the Letter to the Market published by IVASS on July, 14th 2021, the new "Active Market Data Management" module is now available in Sofia.

The module allows, through a dedicated environment and with a complete audit trail, the feeding of Sofia's database from redundant sources for market data, the application of parameterized and customizable control rules for verifying the reliability and significance of prices, and the identification of prices for the valuation of portfolio instruments.

For further information:
sofia.info@simcorp.com
sofia.risk-alm@simcorp.com

Strategic planning

The development of the tools supporting the strategic planning of investments of Sofia continues, aimed at a complete representation of the evolution of IFRS 9 financial statements and with particular attention to the increasingly close correlation required between assets and liabilities by the introduction of IFRS 17.

For further information:
sofia.risk-alm@simcorp.com