The IntegraLynx | IDD Cost Disclosures Engine enables insurers to consume large-scale datasets from various sources, perform cost calculations, and allocate those costs on a look-through basis through multi-tier investment hierarchies to client accounts.
The ouptut is company branded IDD Ex-Post Cost Disclosures ready for dissemination.
IntegraLynx delivers an end-to-end automated solution, in one platform. Reducing operational risk, and helping your organisation to meet regulatory requirements in a timely manner.
Our solution seamlessly complies with the EU’s regulation on IDD (Ex-Post Cost Disclosures). Insurers selling investment products are obliged to produce an annual document to illustrate costs incurred by investors on an ex-post basis.
This presents a significant data engineering challenge to insurers. They must gather cost data from multiple internal and external data sources, combine this data with investment holdings (often involving multiple tiers/levels), then calculate the costs incurred by each individual investor. Ultimately, this involves processing millions of rows of data and creating investor-specific disclosures - potentially in multiple languages.
Example statistics from one Reitigh client:
Rows of data
Annual Client Disclosures
IntegraLynx’s built-in workflow manager automates data collection and follow-on processing swiftly. A user-friendly drag-and-drop interface enables business users to import/validate/enrich input data from any file format (including .pdf).
IDD requires costs collected from internal and external sources to be allocated to investors. IntegraLynx performs the look-through cost allocation, pushing costs up through multi-level investment structures, to determine each investor's exposure to various costs on a daily basis.
An easy-to-use template builder allows for any customisation required through a simple user interface. Business users can add and alter company logos and colour branding as required. Ensuring IDD Cost Disclosures are consistent with other annual communications provided to clients.
Cost disclosures require information on a number of entities, including investors, internal investment vehicles, and external service providers. IntegraLynx allows business users to easily extend the out-of-box data model to store additional static/transactional data bespoke to their organisation/products.
A roles-based User Access Management (UAM) framework allows for targeted system lockdown. Data change is permissioned and subject to a four-eyes checks. All system processing is recorded in an extensive event log.
IntegraLynx is a web-based application, built using standard Microsoft technology. It can be deployed on-prem or in the cloud. No desktop components are required.
IntegraLynx is our purpose-built platform designed to solve complex challenges, accelerating decisions and defusing ambiguity to transform legacy systems and empower the automation of processes across financial services.