Solvency II aims to codify and harmonize European Union (EU) insurance regulations, primarily from the perspective of reducing the risk of insolvency of insurance companies. Many of the new and higher standards are targeted to data management. Insurers will have to strengthen and deepen their existing data management practices, as well as extend them to new areas.

Collibra’s Business Semantics Glossary provides innovative capabilities that insurers can quickly deploy to meet the new world of Solvency II requirements: a business-facing, enterprise-wide, collaborative and fully governed information management repository. Collibra’s platform also provides a general Data Governance solution that will drive company revenue and growth.