eBooks Key Questions Every Insurer Needs to Ask June 2, 2014

Selecting the Ideal Investment Accounting and Reporting Solution

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Investment and accounting teams at insurance companies have traditionally relied on legacy solutions for investment accounting, reporting, and analytics. Insurers are looking to improve their current processes to reduce manual input, automate inefficient practices, or close their books faster. Whether it is because their current provider is not keeping up with regulatory changes, has made them reliant on manual workflows and workarounds, or they’re being forced to upgrade to newer versions due to unsupported legacy software, many insurers are currently looking at alternatives.

However, one of the toughest challenges is knowing what characteristics to look for and what questions to ask in order to find the optimal solution that meets the company’s needs. The following framework is designed to help insurers know what to look for in an ideal investment accounting solution and what essential questions to ask. The goals are to make the evaluation process easier and help insurers select a solution that aligns with their organization’s true objectives.

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