Renaissance Insurance ensures compliance with stability and solvency requirements with the "710-P Indicator" from Syntegs

On March 9, 2023, Syntegs announced the implementation of a project to implement the 710-P Indicator at Renaissance Insurance. According to the customer's feedback, this tool ensures compliance with the requirements for stability and solvency. The program is also adapted for 781-P requirements.

The 710-P indicator was developed specifically for the requirements of the then new Regulation of 710-P, and the project with Renaissance Insurance was one of the first. Future users actively participated in methodological work on the product within the working group. The interaction between the insurance company and the developer had a positive effect not only on the basic improvements: especially for Renaissance Insurance, the Syntegs team added a separate type of connection in addition to the basic configuration for importing larger amounts of data from tables.

By the end of the project, the insurance company received an automated program integrated with the insurer's external and internal systems.

The beginning of 2023 and the Regulation 781-P Renaissance Insurance also meets with the Indicator. The program has been updated as part of support and takes into account new requirements for the financial stability of insurance companies.