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Financial & actuarial reconciliations for insurers: How to ensure data aligns

Posted: 08/02/2024 | Read time: 4 minutes   In this blog, our Insurance Lead, Piers Williams, explains why firms can’t afford to overlook the importance of financial and actuarial reconciliations. Data shapes the underwriting principles that underpin the insurance products we all depend on. But it’s often used by different teams across the organisation. Finance…

The Clear Group selects AutoRek to support digital transformation

Posted: 09/01/2024 | Read time: 2 minutes   The Clear Group has selected leading software provider AutoRek to drive efficiency across its business by automating some key operational processes. This latest investment in technology and data is a key part of Clear’s growth strategy and will enhance the client journey. The new partnership will enable…

How automation is unlocking the future of insurance

In the latest FF News Insurtech Show, AutoRek’s Piers Williams joins Sasha Jory, Chief Information Officer at Hastings Direct, and Jonathan Fletcher, CTO at CFC Underwriting. They discuss how automation is pulling the insurance industry into the future. Watch the show to find out: Key challenges of manual processes in the insurance industry The benefits…

Automation trends in the insurance industry: Planning for 2024 and beyond

Posted: 10/11/2023 | Read time: 4 minutes   Recent advancements in fintech have transformed the way that many financial organisations conduct their back and middle-office operations. But the insurance industry is one sector that still lags behind. Although there are signs that firms are adopting AI and advanced analytics to streamline operations, insurers are still…

Piers Williams InsureTV Interview

Piers Williams joins InsureTV to discuss AutoRek, automation, and credit control. 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 How automation improves credit control by reducing unallocated cash

AutoRek product guide: Insurance Broker Accounting (IBA)

The benefits of automating IBA Accurate and efficient insurance broker accounting (IBA) processes are critical to an insurance broker’s financial stability. They streamline operations and ensure reporting is correct. But completing IBA processes remains a significant operational challenge. Over half of insurance brokers complain about process complexity, while 40% struggle with processing large volumes of…

Financial data management for insurers: Challenges & best practices

The strength of any financial organisation lies in its ability to manage data effectively. This is especially true for insurance firms, which have to deal with high volumes of data in multiple different formats.  New accounting standards like IFRS 17 have only added to the challenge, placing additional demands on finance, operations and actuarial functions…

Insurance firms shifting focus to operational resilience & control

Posted: 11/04/2023 | Read time: 4 minutes   Strategic priorities in the global insurance sector are shifting as firms increase their focus on operational resilience, according to new research from AutoRek, a reconciliation and finance automation fintech. Released today, the report, Insurance industry outlook 2023: Strategic priorities, operations, technology and financial controls, looks to understand…