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Oracle announces the availability of Oracle Insurance Quantitative Management and Reporting for Hyperion Financial Management, a new application that streamlines compliance with Solvency II reporting mandates and enables carriers to better manage risk, finance and capital.

As part of the Solvency II regulation, European insurers must provide quantitative management reports to industry regulators, such as the recent Quantitative Impact Study 5 (QIS5) and pending Quantitative Reporting Templates (QRT). Oracle Insurance Quantitative Management and Reporting helps insurers create such reports automatically, eliminating the need for labor-intensive processes and error-prone manual spreadsheets.

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