cleversoft completes acquisition of FS Assist, deepening its Solvency UK, IORP and Lloyd’s reporting expertise
Closing brings three decades of specialist insurance regulatory expertise – and around 350 insurers and pension providers – fully into cleversoft’s compliance platform
Munich/London, 2 September 2026 – The cleversoft group, a leading RegTech provider for financial services, today announced that it has completed its acquisition of FS Assist, the UK-based regulatory reporting specialist for insurers and pension providers. First announced on 11 August 2026, the transaction has now closed following satisfaction of customary conditions.
Founded in Edinburgh in the late 1990s, FS Assist has spent nearly three decades as a family-owned pioneer of Excel and XBRL-based regulatory reporting for the insurance industry.
Its SII Assist solution produces Solvency II submissions for insurers across the UK and 18 other European Economic Area countries, while its Syndicate Report & Accounts products serve the Lloyd’s of London market. That specialist depth is now part of cleversoft’s Supervisory Reporting division, reinforcing the Solvency UK, IORP and Lloyd’s Syndicate reporting expertise available to insurance clients across Europe.
With the transaction closed, FS Assist’s approximately 350 European insurance and pension clients gain immediate access to cleversoft’s full regulatory compliance platform, spanning Supervisory Reporting, Financial Crime Prevention, Financial Messaging and Digital Advisory & Compliance. The combination brings cleversoft’s total client base to more than 1,550 financial institutions across banking, insurance and pensions – one of the broadest compliance footprints among European RegTech providers.
As previously announced, the entire FS Assist team joins cleversoft, preserving the regulatory expertise and client relationships. Customers will continue to work with familiar teams and tools, including SII Assist and Syndicate Report & Accounts, while gaining access to cleversoft’s wider portfolio of solutions, such as SCR calculations. The acquisition also provides the backing to develop new solutions such as for IRRD resolution reporting, which is due next year.
“We’re delighted to welcome FS Assist to cleversoft. Their reputation for deep regulatory expertise and exceptional service made them a perfect fit, and now that the transaction has closed, we can start delivering that combined strength to insurers and pension providers across Europe.”
Florian Clever, Founder & CEO, cleversoft
“With FS Assist now part of cleversoft, we bring decades of Solvency II, Solvency UK, IORP and Lloyd’s reporting experience directly into our platform – a significant step up in depth for our insurance clients across Europe.”
Erwin van Dixhoorn, Managing Director Supervisory Reporting, cleversoft
“Today marks the start of an exciting new chapter for FS Assist. Our customers can count on the same practical, expert support they’ve always had. Now, with the backing of a larger organisation, we can extend the FS Assist offering and develop solutions to meet future reporting requirements.”
Pete Comber, Director, FS Assist
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, London, Amsterdam, The Hague, Malta, Sofia, Seville, Istanbul, Dubai and Kuwait, the company serves more than 1,550 financial institutions worldwide with automated solutions to optimise 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 Solvency II, Solvency UK, 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 30 years. Originally founded in Edinburgh in the late 1990s, 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 countries 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 been the development of Syndicate Report & Accounts solutions which are now widely used across the Lloyd’s of London market.