Sovos Insurance

Sovos is an insurance premium tax specialist safeguarding the insurance industry from the risks of non compliance through a range of award winning software solutions and managed services.Formed in 2003, the company is the leading solution for insurance premium tax (IPT) compliance in Europe, filing in excess of 25,000 tax returns annually for over 400 insurance clients across the region. Sovos IPT is the first end-to-end software solution for non-life insurance companies, reducing the administrative burden and risk of premium tax compliance. It is the only award winning compliance software to combine:- A detailed tax rate database, providing depth, quality and real time accuracy, presented to and often endorsed by tax authorities- Real time tax calculation tools which can be configured inside and outside of existing business systems- Automated IPT reporting in more than 30 countries