AutoRek provides solutions specifically designed to overcome the most complex challenges in managing reconciliations, financial data management and reporting requirements for many large firms in the insurance sector.

Insurance industry outlook: Strategic priorities, operations, technology, and financial controls

The benefits for you

  • Tick icon
    Save time, reduce costs and increase overall efficiency with automation
  • Tick icon
    Eliminate spreadsheets to focus on value-add tasks
  • Tick icon
    Comply with IFRS 17 requirements and avoid penalties
  • Tick icon
    Take control of your data with accurate and actionable MI
  • Tick icon
    Improve month-end timelines to meet required deadlines
  • Tick icon
    Easy integration with existing systems for process consolidation
  • Tick icon
    Mitigate financial and operational risk with robust financial controls
  • Tick icon
    Comprehensive audit trail for peace of mind

Who can benefit?

  • Insurers, Underwriters & Re-insurers
    Supporting a range of use cases across finance operations functions, our solutions for insurers, reinsurers and underwriters are designed to optimise the back and middle office processes and reduce manual processes. Currently deployed to assist finance teams with finance vs actuarial reconciliations, intersystem reconciliations, claims processes, IFRS 17, balance sheet and financial control processes. It also allows you to manage the end-to-end credit control and accounts receivables process on a single, convenient platform.
  • Brokers
    A tailored Insurance Broker Accounting (IBA) solution to fit your business processes, systems and data. It’s data agnostic to accommodate insurer statements, bordereau, bank, payment, PCL and PAS data. Flexible rules also maximise process efficiency and query management workflow to connect IBA teams with account handlers across the business.
  • MGAs & Intermediaries
    A centralised IBA and credit control platform to support multi-step and multi-way reconciliations. It’s designed to optimises efficiency, rapidly processes data and automates manual processes. It also allows you to manage all received and generated bordereau and ensure bordereau data is matched against other key business areas (bank, payments, PCL, PAS and quote and bind systems).

Eliminate manual processes to reduce costs

For firms operating in the insurance industry, transactional volumes and the associated data is growing year-on-year. But managing this growth with spreadsheets presents an operational inefficiency as the industry continues to expand.

AutoRek is designed to circumvent the inefficiencies of manual processes through automated data ingestion, reconciliations and comprehensive reporting. By automating financial control processes like exceptions and break management, categorisation and ageing, your skilled staff can focus on more value-add tasks.

A complete, end-to-end solution for greater efficiency

Gain total flexibility with the AutoRek platform, which utilises and exports data in any format and from any source. It comes complete with the built-in capacity to connect via APIs.

Prevent length scale-up processes with operational software that is built with growth in mind and capable of handling limitless transactional volumes. Your firm can also choose a deployment that suits, whether that is a SaaS or on-premise solution.

Use cases

  • Tick icon
    Automated reconciliations
  • Tick icon
    Cash posting and allocation
  • Tick icon
    Insurance broker accounting (IBA) automation
  • Tick icon
    IFRS 17 compliance
  • Tick icon
    Credit control
  • Tick icon
    CASS 5 automation
  • Tick icon
  • Tick icon
    Cashflow matching
  • Tick icon
    Balance sheet attestation

Unparalleled data control and reporting for informed decision-making

Our insurance solutions automate all data preparation activities and streamline breaks investigation processes into a single, convenient platform. It also allows you to manage dataflow and key activities using intelligent workflow capabilities.

Fully configurable dashboards can surface any MI or other key metrics required by your business, giving you complete control of underlying data. For peace of mind with audits, a comprehensive audit trail ensures clear visibility of all configurations and actions performed within the system.


Comply with IFRS 17 reporting obligations

As of January 1, 2023, insurance businesses must meet requirements for IFRS 17 reporting. The new accounting standard states that firms must disclose reconciliations of insurance and reinsurance contracts.

Our IFRS 17 solution is purpose-built to help firms comply with reporting obligations through automation. The solution automates reconciliations, and provides robust financial controls and superior data management.

A flexible solution to support your operations

At AutoRek, we understand that no two insurance organisations are the same. Our industry, regulatory and technical experts work with you to design a custom solution tailored to specific operational requirements. The flexibility of our rules-based system allows you to design custom match rules, supporting one-to-one, one-to-many and many-to-many scenarios.

Insurance solutions


Automated reconciliations



Get ready to transform your reporting processes

Book a demo