Insurance companies face many regulatory, data and control challenges. These will become more extensive with the development of regulations such as IFRS17, Solvency II, the Insurance Distribution Directive (IDD) and Senior Managers and Certification Regime (SMCR).
Regulatory compliance requires a consistent view of the financial position, reporting and analytics requires time, expertise and the right systems.
AutoRek Data Management Solution
AutoRek offers data management solutions that allow insurance firms to fulfil their financial, operational, risk control and reporting obligations.
In addition to our standard features and benefits, AutoRek delivers:
- Broker accounting, subledgers, cash allocation and statements
- Automation of premium and claim reconciliations
- Automation of commission and DAC calculations
- Bank reconciliations
- Production of ledger postings
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