Eagle Interfaces to Interactive Data for Solvency II Compliance

Eagle Investment Systems, a financial services technology and subsidiary of BNY Mellon, has selected Interactive Data to provide pricing and reference data to Eagle’s European insurance clients to assist them with Solvency II compliance.

Eagle came to this decision following a consultation with a European insurance company, where Eagle analyzed the information it needed to create the tools to help clients with compliance, and following a tender process and review, Eagle selected Interactive Data to provide issuer and security data.

As part of the relationship, Eagle has built an interface to automatically accommodate Interactive Data’s pricing and reference data and map it into its enterprise data management solution, making the process repeatable. In addition to Solvency II, Eagle’s solutions can also be used to generate the Quantitative Reporting Templates (QRTs) required to demonstrate compliance to the regulator.

“Our ability to help insurance companies measure and report in line with Solvency II requirements is a huge development for Eagle and the European insurance market. Taking Interactive Data’s comprehensive Solvency II data feed and interfacing that into Eagle’s data model means insurance firms are able to quickly and efficiently comply with this directive—something that has been out of reach for many until now,” says John Legrand, Eagle’s head of EMEA and APAC. “This initiative underscores our commitment to monitoring the regulatory changes affecting our clients and to investing in the development of solutions to help them meet these changes and focus on their core business.”