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Sofia is proud to announce it will support Unive, Bovemij, ONVZ and Abbey Life in their preparations for Solvency II

6 August 2014.

Unive is one of the largest non-life insurance companies in the Netherlands. Together with Sofia's strategic partner KPMG, Sofia will support Unive with the implementation of Tagetik. The goal is to implement an integrated reporting framework for Solvency II, financial statements and management reporting.

Bovemij, the holding company of BOVAG, is a Dutch transportation insurance company, located in Nijmegen. Together with PWC, Sofia will assist Bovemij in the implementation of Tagetik. Bovemij will utilize Tagetik for Solvency II pillar III and for financial statements and management reporting. Part of the implementation is the inclusion the SCR calculation engine of Triple-A Risk Finance in the integrated calculation and reporting environment of Tagetik. This approach is considered best-in-class and adopted by other insurance companies in the Netherlands, like ZLM, that utilize both Tagetik and Triple-A as well.

ONVZ, a medium sized Dutch health insurance company, has selected Tagetik as a reporting tool for Solvency II, financial statements and mangement reporting. Sofia will support ONVZ with the implementation and provide advice on the QRT analysis

Abbey Life, located in Bournmouth UK, is a life insurance company, owned by Deutsche Bank. Sofia will support Abbey Life in the implementation of Tagetik for Solvency II pillar III.