cleversoft signs agreement to acquire FS Assist to expand its insurance reporting footprint
Expanding supervisory reporting capabilities and advanced automation for insurers and pension providers.
Munich/London, 11 August 2026 – The cleversoft group, a leading provider of regulatory technology solutions for the financial services industry, today announced the signing of a definitive agreement to acquire UK-based FS Assist, a trusted specialist in regulatory reporting software for insurers and pension providers. Closing of the transaction is expected later this month and remains subject to customary closing conditions.
The transaction will further strengthen cleversoft’s Supervisory Reporting business, expand its presence in the UK insurance market and add a highly complementary customer base. FS Assist’s reporting solutions are used by approximately 350 European insurance companies of all sizes, from large multinational insurance groups to highly specialized providers.
FS Assist is recognized as an early pioneer in XBRL reporting and has developed widely adopted solutions for Solvency II, IORP and Lloyd’s Syndicate reporting. Following closing, FS Assist customers will gain access to cleversoft’s broader regulatory compliance and reporting capabilities, including a portfolio spanning Supervisory Reporting, Financial Crime Prevention, Financial Messaging and Digital Advisory & Compliance, as well as advanced automation technologies through a single trusted partner.
Florian Clever, Founder & CEO of cleversoft, said: FS Assist has built an impressive reputation based on deep regulatory expertise, long-standing customer relationships, and exceptional service quality. Their strong position in the insurance market and highly complementary customer base make them a perfect fit for cleversoft. Together, we can offer even greater value to customers while continuing to invest in innovation, automation, and regulatory excellence.
Erwin van Dixhoorn, Managing Director Supervisory Reporting at cleversoft, commented: FS Assist brings deep expertise in Solvency II, IORP and Lloyd’s reporting, backed by decades of experience serving the insurance industry. By combining our strengths, we can further enhance our supervisory reporting capabilities and support insurers more effectively across Europe”
A key priority throughout the transaction is continuity for customers and employees alike. The intention is for the entire FS Assist team to remain on board following closing, preserving the expertise and personal relationships customers value today. The combined teams will work closely together to share knowledge, strengthen customer support, and further enhance regulatory reporting solutions for the insurance industry.
Pete Comber, Director of FS Assist, said: Joining cleversoft marks an exciting new chapter for FS Assist. Our customers appreciate practical solutions, regulatory expertise, and close collaboration. By becoming part of cleversoft, we can preserve these strengths while giving customers access to a broader set of capabilities and long-term innovation.
The planned acquisition of FS Assist supports cleversoft’s strategy of building a comprehensive platform for regulatory compliance and reporting, helping financial institutions address a broader range of regulatory challenges through a single trusted partner.
About cleversoft
The cleversoft group is a leading provider of cloud-based RegTech services for financial institutions. Headquartered in Munich, with offices in Frankfurt, Luxembourg, Amsterdam, The Hague, Malta, Sofia, Seville, Istanbul, Dubai, and Kuwait, the company serves more than 1,200 financial institutions worldwide with automated solutions to optimize business-critical compliance processes.
The cleversoft platform covers the entire regulatory value chain - from data management and the calculation of regulatory metrics to the automated creation of regulatory documents in accordance with MiFID II, PRIIPs, ESG/SFDR, CSRD, DORA, and IORP. In addition, cleversoft seamlessly integrates RegTech and WealthTech functionalities, enabling digital end-to-end processes for wealth management, portfolio management, financial advisory, and securities distribution.
cleversoft also offers efficient and innovative solutions for combating financial crime, including due diligence, fraud prevention, and AI-based transaction monitoring.
Through the cleversoft Compliance Commitment, customers receive all necessary service updates to meet regulatory requirements - an approach that is unique in the RegTech industry.
About FS Assist
FS Assist is a UK-based software company which has been a leading supplier of regulatory reporting software to the insurance industry for over 20 years. Originally founded in Edinburgh in the late 1990’s, the firm has remained in family ownership until joining the cleversoft group today. The company is best known for its SII Assist Solvency II reporting package which is used to produce the XBRL submissions for firms in the UK and in 18 counties across the EEA. The deceptively simple Excel-spreadsheet based tool has been used by firms of all sizes and is known for its ease-of-use, reliability and exceptional client support. More recent developments have seen the development of Syndicate Report & Accounts solutions which are now widely used across the Lloyd’s of London market.
PR-Contakt
Adel & Link Public Relations
Laura König
cleversoft@adellink.de