Mastering Compliance: Reconciliation & Reporting for US Life Reinsurers
Posted: 17/06/2025 | Read time: 4 minutes Life reinsurance is a critical mechanism that enables life insurers to manage risk by transferring portions of their liabilities to other insurance entities, known as reinsurers. In recent years, many life insurers in the USA have relied on what’s known as captive reinsurance arrangements as a strategy…
The insurance industry’s race to efficiency: Why overcoming data complexity relies on automation
The insurance industry faces a critical challenge: increasing transaction volumes and growing data complexity are exposing the limitations of legacy systems and outdated processes. Our survey of 250 senior insurance leaders reveals that slow settlement times, fragmented systems and poor data quality are undermining operational efficiency and increasing risk. Key insights from the report:…
The future of insurance payment processing: AI, automation and beyond
Posted: 17/12/2024 | Read time: 4 minutes Imagine a world where insurance payments are processed within minutes, fraud detection happens in real-time, and customers never face delays in claim payouts. The insurance industry is undergoing a transformation, and payment processing is central to this change. Advanced technologies like AI and automation have the potential…
Mastering complexity: the premium payment processing revolution in insurance
Posted: 22/11/2024 | Read time: 3 minutes Efficiency is a necessity in the intricate world of insurance but unfortunately for program administrators, complexity is an unavoidable reality. Program administrators, including brokers, managing general agents (MGAs) and managing general underwriters (MGUs) play a vital role in facilitating and distributing insurance products. Success lies in the…
On-demand webinar: Unlocking Efficiency: Overcoming Premium Payment Challenges in Insurance
Join our Global Insurance Manager, Piers Williams, and Darren Snoxell, Head of Insurance, EMEA at J.P. Morgan Payments, as they dive into: Exploring the transformative benefits of automation Addressing premium payment processing pain points and opportunities Enabling program administrators to optimize the management of premium payments Achieving greater efficiency and effectiveness in financial operations Click…
Why the need for insurance firms to innovate cannot be overstated
Posted: 16/09/2024 | Read time: 4 minutes For firms operating in the insurance industry, transactional volumes and associated data is growing year-on-year. But managing this growth with spreadsheets presents an operational inefficiency as the industry continues to expand. This is worrying, with more than one-third of firms still relying on spreadsheets for their data…
What are the 3 technologies transforming insurance operations?
Posted: 01/08/2024 | Read time: 3 minutes In this blog, we explore how technologies such as AI, machine learning and Robotic Process Automation (RPA) can improve accuracy and drive operational efficiency in insurance firms. Sharing insights from AutoRek’s insurance lead Piers Williams and accounting expert Mark Baker, it highlights key insights from our Insurance…
Overcoming financial data challenges: Best practices for insurance firms
Posted: 05/07/2024 | Read time: 3 minutes In this blog, we explore common financial data challenges and provide best practices to overcome them. Sharing insights from AutoRek’s insurance lead Piers Williams and accounting and reconciliations expert Mark Baker, it summaries key points from our Insurance finance and accounting operations best practices webinar. The financial…
Navigating Financial Flows & Data Management in Insurance
Piers Williams is joined by Jason Howes, Director of Business Transformation at Allianz, to discuss key data management and financial control challenges within the insurance industry. Watch the video to find out: How AutoRek is currently deployed across the insurance sector Why back and middle-office automation is often overlooked The operational benefits of automation
Insurance broker Howden selects AutoRek to drive digital transformation across key back-office processes
Posted: 30/05/2024 | Read time: 2 minutes Global insurance intermediary group Howden has selected leading software provider AutoRek to boost the efficiency of key back-office processes through intelligent automation. The new partnership will help Howden to centralise and streamline areas of its Insurance Broker Accounting (IBA) operations, increasing capacity for future growth and improve…