The data is provided “as published” by the companies, which can lead to several issues. Data availability and completeness There is currently no mechanism to enforce the publication of the SFCRs and QRTs, which can lead to gaps in the coverage. A common problem is that the SFCRs are published without QRTs, or with incomplete QRTs. Errors at source In some cases calculation of totals are wrong or missing. In addition, there are cases where the same cell has different values in other templates. Unit amount mismatch Although the QRTs should be reported in thousands, by far the most prevalent problem is caused when a different unit amount is used. There are also cases where the unit amount can vary between templates and sometimes even within templates. Solvency II Wire Data has developed several mechanisms to identify edge cases of unit amount mismatch. Poor quality reports Some SFCRs are scanned and the quality of the scans varies, which could make it difficult to identify the correct numbers. Solvency II Wire Data validates data across sectors and historically, which helps to greatly reduce these errors. Fixing errors Multiple validations and checks at different stages of the process ensure the dataset is reliable and accurate as published. The nature of the Solvency II disclosures is that some errors can and do occur. When this happens, the data is fixed within 24 hours.