Transitioning to TPT 7.0 would have required significant internal development at exactly the wrong time. Outsourcing production gave us a scalable reporting setup without compromising the service standards our insurance clients expect.
Head of Regulatory Solutions, UK asset manager

Client & Goal

Our client, a specialised UK-based asset manager, had been producing TPT reports in-house for its segregated account clients through a coordinated effort across operations, IT, and regulatory teams. Ahead of the transition from TPT version 6.0 to 7.0, the client recognised that the increased reporting complexity would require substantial redevelopment of its internal TPT infrastructure. Rather than invest further in maintaining an in-house reporting build, the client decided to fully outsource TPT production and reallocate internal IT resources to strategic initiatives.

The client engaged SolvencyAnalytics to manage the end-to-end TPT production workflow, covering data sourcing, report generation, and report dissemination. Maintaining a high service standard for key insurance clients was essential, and based on our reputation for precision and reliability, the client selected SolvencyAnalytics to support the transition.

Challenge

The main challenge involved the collection of third-party fund data and the enrichment of OTC data for both direct holdings and positions within third-party target funds.

Solution

SolvencyAnalytics implemented a comprehensive managed service that included:

  • Third-party fund data collection in TPT format, including the management of NDAs with external fund providers.
  • OTC data enrichment through the integration of relevant TPTs.
  • An orchestrated TPT production workflow designed to seamlessly incorporate OTC data enrichment and ensure efficient end-to-end reporting.
  • Production of reports in multiple versions, including with and without look-through, as well as using both mid and bid prices.

Results

The solution now runs as a fully managed service, producing more than 30 Solvency II TPT reports each month and quarter. By transitioning to SolvencyAnalytics, the client fully retired its internal TPT reporting build and eliminated dedicated IT spend related to TPT production and version upgrades.

This enabled internal technology resources and budget to be redirected to strategic business priorities, while significantly reducing operational workload. Through our online platform, the client has full visibility over the reporting process - including report production, distribution status, and the progress of all relevant NDAs - providing complete transparency and control without requiring continuous internal involvement.

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