Case Study: a world’s largest life insurance and pension group achieves 95% faster regulatory reporting with HCL’s Solvency 2 Data Integration

One Of The World’s Largest Life Insurance And Pension Group - Customer Case Study

The customer, one of the world's largest life insurance and pension groups, faced significant challenges in meeting stringent Solvency II regulations due to longstanding enterprise-wide data quality and traceability issues. To comply, they needed a program to streamline their data delivery process for regulatory reporting and internal model calculations. They engaged vendor HCL to implement a solution.

HCL built a customized data warehousing solution using the Informatica platform and Oracle database, integrating data from over 25 disparate sources. This innovative approach, which featured an extendable ETL framework and a business glossary connected to technical metadata, provided full data lineage and transparency. The HCL solution reduced the time to deliver data for reporting by 95%, cutting the process from 3-5 weeks down to 24 hours, and also reduced implementation effort by 4 FTEs.