The particularly stringent regulations of the Swiss insurance industry oblige insurers to give detailed account in form of reports – to the public as well as to the FINMA (Swiss Financial Market Supervisory Authority). In this context, the FINMA which is also obliged to report plays a key role as official surveillance instrument.
The strict rules result in respective requirements with regard to External Reporting: The Information Design of the reports (incl. visualization) must meet the highest possible demands.
Simultaneously, external investors/stakeholders request optimally meaningful details about business development as a confidence base. Moreover, the global competition is permanently increasing: Today, companies must use their available information about customers and competitors as efficiently as possible to hold their market positions.
In view of that, the SAC FINMA Panel by s-peers presents itself as an optimum, efficient and up-to-date solution in form of a standardized reporting platform (dashboard). The underlying data and data base model sums up the Annual Financial Statements (Balance Sheet plus Profit/Loss; segments: Life, Non-Life, Health, Reinsurance) of all 148 Swiss insurers which are officially published by the FINMA. The KPI analysis based on identical structure (FINMA) and currency (CHF) can be carried out historically for all business years – combined with the option to generate insight knowledge relevant for success by integration of other data sources.
Together with the high performance of the SAP Cloud platform, the dashboard’s standardized notation concept based on the IBCS® ensures that all requirements regarding FINMA Reporting can be met with maximum accuracy and efficiency – combined with active support of business objectives by using additional functionalities.
Our SAC FINMA Panel offers you a quick and safe start into Analytics plus all advantages of the IBCS® standardization.
Functions and Advantages