BNP Paribas Provides Solvency II Support for French Insurer

BNP Paribas Securities Services is to help French insurer CNP Assurances to comply with Solvency II requirements by providing it with its first set of look-through reports.

The announcement comes one year after CNP Assurances mandated BNP Paribas to provide look-through reporting for 130 of its open-ended funds, which hold a significant proportion of its assets.

“The first results have proved convincing and will enable us to enhance our risk management under the directive. BNP Paribas Securities Services has become a real partner,” says Mikael Cohen, director of Investments, CNP Assurances.

“Our investment reporting and performance analysis team has developed a strong expertise in data management, helping ensure the quality of the data and of its sources required by the Solvency II directive. In addition, thanks to DNA, our online reporting solution, CNP Assurances can access its data in real time and analyse them extensively,” adds Patrick Colle, general manager, BNP Paribas Securities Services.