| Customers: Cardif Insurance Company (Cardif)
Contractors: Homnet Consulting Product: Homnet: 710-P. Financial sustainability of insurersProject date: 2021/04
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2021: Start of automation of calculations as per Regulation 710-P
In April 2021, the CARDIF insurance company, with the participation of Khomnet Group of Companies, began to automate settlements under Regulation 710-P on certain requirements for financial stability and solvency of insurers. The project is carried out on the basis of the industry solution "Homnet: 710-P." This was announced on August 9, 2021 by Khomnet Group of Companies.
Work is underway to implement the download of data from the accounting and insurance systems through the data mart built into the Homnet: 710-P solution. The project provides for setting a single scenario for performing pre-built adjustments to loaded data according to the paragraphs of Regulation 710-P, automatic assessment of risk indicators and normative ratio.
The project also sets up verification reports in the format of subdivisions of forms 0420154, 0420156, which are then uploaded to the Homnet: XBRL module. Thus, the process of assessing the financial stability and solvency of the insurer will be completed by preparing XBRL reports.
The CARDIF insurance company is part of the French insurance holding BNP Paribas CARDIF.
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