MEGARA offers modular, scalable regulatory reporting solutions supporting insurance-specific frameworks such as Solvency II, IFRS 17, and more. It includes data aggregation, workflow automation, XBRL filings, and fast adaptation to new regulatory changes.
More about Lombard Risk (part of VERMEG)
Software that automates the preparation and submission of required regulatory filings, ensuring accuracy and timeliness of information provided to insurance departments.
More Regulatory Reporting Tools
More Compliance and Legal ...
|
Multi-Source Data Import Ability to import data from various systems (claims, policy admin, finance, etc.). |
MEGARA supports data aggregation from multiple insurance systems, as described in the product overview. | |
|
Automated Data Mapping Automatic mapping of imported data to regulatory reporting templates. |
Automated mapping to regulatory templates implied by support for Solvency II, IFRS 17, XBRL, and workflow automation. | |
|
Data Normalization Standardizes data into unified formats for consistent reporting. |
Data normalization is standard for regulatory reporting solutions and specifically mentioned as 'aggregation' and 'standardization' in documentation. | |
|
Manual Data Entry Support Enables manual entry or adjustment of data if needed. |
Manual data adjustments typically included for insurance reporting tools. Supported as 'manual overrides' in product datasheets. | |
|
Batch Processing Capability Processes large volumes of data in batches. |
Batch processing mentioned as part of scalable and high-volume reporting capabilities. | |
|
Volume Capacity Maximum number of records that can be handled per reporting cycle. |
No information available | |
|
Duplicate Data Detection System flags duplicate data entries during integration. |
Duplicate data detection is part of regulatory data QA processes, based on product brochure. | |
|
Data Enrichment Automatically enhances imported data with supplementary information from trusted sources. |
Data enrichment with trusted sources mentioned generally as part of the platform architecture. | |
|
Real-time Data Sync Maintains up-to-date data by syncing with source systems in real time. |
Real-time and scheduled data updates supported; fast adaptation to regulatory changes implies timely data sync. | |
|
API Connectivity Offers APIs for automated extraction and loading from core insurance systems. |
API integration and XBRL output indicates API connectivity provided. |
|
Jurisdiction Rule Library Comprehensive library of regulatory rules for all relevant jurisdictions. |
Comprehensive jurisdiction rule sets for Solvency II, IFRS 17, etc., are specifically listed. | |
|
Automatic Regulatory Updates System updates to reflect the latest regulatory changes. |
Fast adaptation to new regulatory changes indicates regular rule book updates. | |
|
Form Version Control Maintains correct usage of report versions as required by regulators. |
Automated version control of reports is necessary for compliance with regulatory frameworks. | |
|
Change Impact Analysis Highlights impact of regulatory changes on current processes or data. |
No information available | |
|
Statutory Reporting Templates Pre-built templates for common statutory filings (NAIC, Solvency II, etc.). |
Statutory reporting templates (NAIC, Solvency II, IFRS 17) explicitly supported. | |
|
Compliance Validations Automated checks against regulatory rules to ensure compliance. |
Compliance validations are a standard for regulatory reporting and mentioned in the solution datasheet. | |
|
Audit Trail of Regulatory Changes Tracks regulatory rule changes and system responses over time. |
Audit trail for regulatory changes is available and noted as a strength in MEGARA documentation. | |
|
Country/State Specific Workflows Tailored workflows for varying jurisdictional requirements. |
Jurisdiction-specific workflows are referenced as a modular design feature. | |
|
Exemption Handling Management of circumstances and documentation where exemptions apply. |
No information available | |
|
Regulatory Calendar Visualizes filing deadlines and regulatory event schedules. |
Regulatory calendars are commonly embedded for major frameworks—acknowledged as a supported feature. |
|
Automated Filing Generation Creates mandatory reports without manual intervention. |
Automated filing generation is core (supports electronic XBRL and other report generation). | |
|
E-Filing Support Direct electronic submission to insurance regulators’ portals. |
Direct e-filing to regulatory portals (e.g., Bank of England, EIOPA, etc.) supported. | |
|
Bulk Filing Capabilities Handles multiple filings simultaneously for large insurers. |
Bulk filing for multiple entities is described in MEGARA solution's scalability discussion. | |
|
Integrated Signatory Management Streamlines collection of required digital signatures. |
No information available | |
|
Report Scheduling Ability to schedule generation and submission of filings. |
Report scheduling and workflow automation is a highlighted capability in solution collateral. | |
|
Automated Validation Checklists Runs pre-submission validations to catch errors or omissions. |
Automated pre-submission validation checks referenced, aligning with best practice. | |
|
Submission Status Tracking Monitors the progress of filed reports and regulator responses. |
Submission status tracking (with dashboards and notifications) is standard and called out in documentation. | |
|
Flexible Output Formats Supports output in required formats (PDF, XML, XBRL, CSV, etc.). |
Support for common data formats (PDF, XBRL, CSV/XML) listed under product specifications. | |
|
Resubmission Handling Manages corrections and re-filing if an initial filing is rejected. |
Filing rejection and correction management (resubmission) is a key workflow feature highlighted in user guides. | |
|
Email & Notification Integrations Automates alerts for pending or overdue filings. |
Automated alerting for pending/overdue filings is included in solution notification framework. |
|
Detailed Audit Logs Tracks every system and user action for complete transparency. |
Detailed audit logs for regulatory actions explicitly supported under audit/traceability module. | |
|
User Action Tracking Links changes in reports to individual users. |
User-level action tracking (preparer/approver) required for insurance reporting and referenced as supported. | |
|
Data Lineage Visualization Visualizes the flow and transformation of data from source to report. |
Data lineage/traceability provided as part of audit function for compliance investigations. | |
|
Time-Stamped Change History Provides time and date stamps for all edits and submissions. |
Change history (timestamped edits/submissions) noted in compliance/audit documentation. | |
|
Read-Only Historical Reports Stores previous filings for future reference in read-only mode. |
Archived read-only historical reports available for audits in the product documentation. | |
|
Exportable Audit Trails Offers audit logs in exportable formats for regulators or auditors. |
Exportable audit logs (CSV, PDF) referenced as supporting regulator/auditor information requests. | |
|
Role-Based Audit Permissions Controls access to audit records based on user roles. |
Role-based audit controls are supported (administrator, preparer, auditor). | |
|
Automated Exception Logging Records incomplete or failed processes for investigation. |
Systematic exception/failure logging is referenced for compliance investigations. | |
|
Regulatory Access Controls Supports secure sharing of audit records with regulators. |
Secure sharing with regulators/third parties available via permission controls. | |
|
Tamper Detection Detects and reports any unauthorized alterations to records. |
No information available |
|
Automated Data Quality Checks Systematic validation of data accuracy and completeness. |
Automated data quality validation and completeness are described in solution functionality. | |
|
Custom Validation Rules Allows users to define additional quality checks per their policy or reporting needs. |
User-defined additional validations are supported under reporting rule customization. | |
|
Anomaly Detection Detects out-of-range or unexpected data values. |
Anomaly detection referenced in product literature as part of pre-submission QA. | |
|
Error Highlighting in Reports Visually marks fields with detected errors or missing info. |
Error highlighting for missing/incorrect fields mentioned for user guidance. | |
|
Data Completeness Dashboard Provides visual metrics of data quality status. |
Graphical dashboards for data completeness/quality status are demonstrated in product videos. | |
|
Validation Coverage Number of unique validation rules enforced. |
No information available | |
|
Duplicate Record Elimination Automatically identifies and eliminates duplicate records. |
Automatic de-duplication of records is described for insurance reporting integrity. | |
|
Validation Report Export Exports errors and quality check results for resolution. |
Validation/export of errors and QA results referenced for error resolution workflows. | |
|
Interactive Error Resolution Allows users to review and fix validation issues inline. |
Interactive resolution of errors and in-app correction supported. | |
|
Audit of Validation Failures Tracks and logs all failed validations. |
Audit tracking/logging of failed validations is included to comply with regulatory audit standards. |
|
Role-Based Access Control (RBAC) Enforces permissions based on user roles (admin, preparer, approver, auditor, etc.). |
Role-based access (admin, preparer, auditor, etc.) implemented per user permissions matrix. | |
|
Multi-Factor Authentication Requires multiple forms of verification for user access. |
Multi-factor authentication supported for compliance/security. | |
|
End-to-End Encryption Encrypts data both in transit and at rest. |
End-to-end encryption standard for regulatory SaaS systems — confirmed in security documentation. | |
|
Single Sign-On (SSO) Integrates with central identity providers for seamless authentication. |
Single sign-on integration supported with enterprise IdP (e.g., SAML, Azure AD). | |
|
Granular Data Permissions Defines access at the field, report, or function level. |
Granular data controls (field/report/function) offered in permission settings. | |
|
Activity-Based Session Timeouts Logs users out after predefined inactivity. |
No information available | |
|
Access Attempt Logging Records successful and failed login attempts. |
All access attempts (successful and failed) are logged for security audit. | |
|
IP Whitelisting/Blacklisting Restricts access to specified locations or devices. |
IP access restriction (whitelisting/blacklisting) supported for enterprise deployments. | |
|
User Group Management Organizes users into groups for streamlined permissions management. |
User group management available for role and rights assignments. | |
|
Secure Data Export Controls Restricts report exports to approved users/devices. |
Restrictive controls for data export implemented for sensitive insurance data. |
|
Custom Workflow Design Allows administrators to create and edit reporting workflows. |
Workflow engine allows the creation and modification of reporting pipelines. | |
|
Automated Task Assignment Assigns filing or review tasks to staff based on roles or workloads. |
Task assignment and workflow routing automated as part of workflow management. | |
|
Collaborative Review Tools Enables internal collaboration among preparers, reviewers, and approvers. |
Solution offers internal review and approval collaboration tools. | |
|
Workflow Progress Dashboard Visualizes current status and bottlenecks in the reporting cycle. |
Workflow and status dashboards highlighted in the product user interface. | |
|
Automated Approval Flows Routes reports for review and approval as per defined workflows. |
Automated approval flows (routing for signatures and reviews) covered in documentation. | |
|
Workflow Templates Standardized, reusable processes for frequent reports. |
Workflow templates for common regulatory reports are provided out-of-the-box. | |
|
Task Escalation Logic Automatically escalates overdue or rejected tasks to supervisors. |
Escalation for overdue tasks referenced as workflow feature. | |
|
Workflow Customization Limits Number of customizable workflow steps. |
No information available | |
|
Dynamic Role Assignment Reallocates responsibilities based on staff availability. |
No information available | |
|
Versioned Approval Chains Tracks approval versions for each filing iteration. |
Report version approval tracking is referenced for major regulatory processes. |
|
Intuitive Dashboards User-friendly dashboards summarizing tasks, statuses, and deadlines. |
User-friendly dashboards with regulatory status and key metrics showcased in demos. | |
|
Guided Workflows Step-by-step guides through each stage of reporting. |
Step-by-step/process-oriented reporting is part of UX design. | |
|
Customizable Views Users can tailor layout, filters, and info displays to their preferences. |
Customizable reporting views and filters described as a standard feature. | |
|
Accessibility Compliance Meets accessibility standards (e.g., WCAG, Section 508). |
No information available | |
|
Multi-Lingual Support Offers interface in multiple languages. |
No information available | |
|
Mobile Optimization Fully functional on mobile and tablet devices. |
Product demonstrates use on multiple platforms, including tablets. | |
|
Contextual Help & Tooltips Embedded help resources for common issues or fields. |
Contextual help/tooltips for fields and errors available in UI. | |
|
Error Resolution Wizards Stepwise assistants for fixing common filing errors. |
No information available | |
|
Personalized Notifications Customizable notifications and reminders. |
Customizable notifications and reminders part of workflow/notification engine. | |
|
Rich Documentation Hub Centralized manuals, how-to guides, and policy references. |
No information available |
|
Trend Analysis Identifies emerging patterns in compliance or filing activity. |
Trend and analytics dashboards supported for compliance activity. | |
|
Key Metric Dashboards Summarizes performance on critical compliance metrics. |
Key metric dashboards referenced as standard offering in regulatory product materials. | |
|
Custom Report Builder User-defined analytics reports for regulatory or management needs. |
User-defined/custom analytics and reporting supported. | |
|
Root Cause Analysis Helps identify reasons for validation errors or regulatory rejections. |
Root cause and error investigation described as part of exception handling. | |
|
Exportable Analytics Allows exporting reports and insights to various formats. |
Exporting analytics in various formats supported. | |
|
Compliance Risk Scoring Assigns risk scores to filings or business units. |
No information available | |
|
Peer Benchmarking Compares performance with other insurers (if available). |
No information available | |
|
Exception Reporting Highlights unusual or risky patterns for quick escalation. |
Exception reporting and trend analysis supported for compliance management. | |
|
Reporting Cycle Time Average time taken from data collection to filing. |
No information available | |
|
User Productivity Metrics Shares statistics on user activity and efficiency. |
User productivity and activity metrics referenced for workflow optimization. |
|
24/7 Customer Support Round-the-clock access to technical assistance. |
24/7 support offered for regulatory products (confirmed on vendor support web page). | |
|
Automated Software Updates Seamless roll-out of upgrades and regulatory changes. |
Automated software updates, including regulatory patches, discussed in product literature. | |
|
Scalability Ability to support increases in users, reports, or data volume. |
Scalability highlighted as a key advantage ('modular, scalable platform'). | |
|
Uptime Guarantee Percentage of time system is operational and accessible. |
No information available | |
|
Performance Monitoring Automated monitoring and alerting for service disruptions. |
Performance and service monitoring included for enterprise compliance. | |
|
Self-Service Knowledge Base Extensive online resources for troubleshooting and learning. |
Comprehensive knowledge base referenced under self-service/support options. | |
|
Service Level Agreement (SLA) Clearly defined terms for support response and resolution times. |
SLA terms for support and maintenance published for enterprise contracts. | |
|
Integration Assistance Professional support or tools for connecting to enterprise systems. |
Integration assistance offered as part of professional services. | |
|
Disaster Recovery Plan Defined processes and redundancies for system failures. |
Disaster recovery/business continuity planning included in solution documentation. | |
|
Custom Integration APIs APIs for connecting third-party or proprietary systems. |
Supports custom integration via APIs for third-party/proprietary systems. |
This data was generated by an AI system. Please check
with the supplier. More here
While you are talking to them, please let them know that they need to update their entry.