Italian insurance group Cattolica Assicurazioni has selected GoldenSource’s Market Data Solution to improve pricing controls and accelerate reporting capabilities in preparation for the implementation of Solvency II regulation.
Data management solutions provider GoldenSource will work on constructing and disseminating data sets while validating and cleaning data and ensuring fast and accurate product control and reporting.
The mandate is intended to reduce operational risk and the cost of data management, while additional pricing controls should improve business operations, satisfying both investor and regulatory demands.
GoldenSource was reportedly chosen for the scope of its solution, ease of use, and capability for fast implementation.
Max Broggi, vice president and head of sales for GoldenSource in Europe, the Middle East and Africa, said: “We are delighted to be growing our Italian client base and to be partnering with Cattolica in order to help them achieve their specific business objectives through establishing best practices for market data management.”
