Northdoor re-launches its data directory solution for Solvency II

01 July 2011

Northdoor, the IT consultancy and solutions provider, has today announced the formal launch of its data directory solution as part of its consultancy services for helping insurers meet the Solvency II requirements. Northdoor’s data directory provides an innovative solution in storing and profiling data, giving insurers and regulators a clear view of the data lineage from the internal model through to the source systems. The solution is also Microsoft SharePoint compatible and has advanced capabilities, such as a reporting dashboard.

Northdoor has already successfully implemented the solution for a number of its insurance providers. A senior executive of a Northdoor client said, “Northdoor has demonstrated strong industry knowledge which is key tothe project implementation. As a result, we have improved our overall data accuracy, traceability and quality. A recent audit also shows that our IT operation, supported by Northdoor, is strongly effective and efficient compared to those of similar complexity and size.“

Rob Stavrou, Director of Consultancy at Northdoor, said, “At Northdoor, we want to make sure that the solution we implement for clients can be easily maintained and expanded in the future – so it does not only address the requirement for now, but also for the future.”

Rob Stavrou, Director of Consultancy at Northdoor, added, “Solvency II will revolutionise the European insurance industry – and good data management is at the core of the requirements. Robust technology solutions need to be at the hub of any Solvency II compliance initiatives. This way, expenditure on Solvency II can also be an investment in an organisation’s global capabilities, making the business a more attractive international partner for other market participants.”

Contact solvencyii@northdoor.co.uk for a demo or Solvency II readiness assessment.

About Northdoor
Northdoor provides integrated information technology solutions. Its services encompass consultancy, application development, enterprise infrastructure and IT support and managed services. Originally founded in 1989 to serve the London Market, Northdoor has extended its expertise in insurance and banking to wider sectors, such as media, retail and travel, with services now reaching over 200 businesses. Northdoor has a collaborative and high-touch customer care approach in delivering tailored solutions that help clients to achieve their business objectives. www.northdoor.co.uk