Risky Business for Insurers Managing Portfolio Risk for an Enterprise Risk Management Strategy
[ Source: Clearwater Analytics ]
September 2011-
Investment professionals tasked with managing an increasingly important investment portfolio must protect the company from financial risk, a key component of an Enterprise Risk Management (ERM) strategy. Doing so has become more difficult, especially during periods of market instability. Chief Investment Officers (CIOs) need to know risk exposure immediately, not only at month- or quarter-end. <br><br>
Join Jim Krygier, Chief Investment Officer at The Warranty Group, Deb Smallwood, Founder of ...
Integration is the New Innovation - The Evolution of Investment Reporting
[ Source: Clearwater Analytics ]
September 2011-
The Evolution of Investment Reporting for Insurers <br><br>
For decades, insurance companies have struggled with legacy software systems and cumbersome manual processes in order to create a comprehensive picture of their investment portfolios. These efforts frequently fall short with regard to accuracy, timeliness and actionable information. In April 2009, The Economist Intelligence Unit (EIU) gave further credence to these insurance company struggles by quantifying the decades-long challenge in a research report ...
Risky Business: How The Warranty Group Manages Risk to Maximize Return on their Investment Portfolio
[ Source: Clearwater Analytics ]
September 2011-
The Warranty Group sought out a single, automated and integrated platform that provided specific, comprehensive coverage of global assets across numerous portfolios at individual portfolio, composite and aggregate levels. It also needed to provide finance and accounting teams, treasurers, the chief investment officer, the CFO, and the Board of Directors with the ability to drill-down to individual securities. Such a system would allow The Warranty Group to segment different geographical regions into individual portfolio accounts, ...
Case Study: Group Health Cooperative
[ Source: Clearwater Analytics ]
September 2011-
Since adopting the Clearwater system, Group Health Cooperative has been able to engage in very frank and informed discussions with its external asset managers. Determining impairments in the wake of the 2008 financial crisis was extremely difficult, based on the data they received from asset managers who were heavily allocated in security types that were ultimately impaired. <br><br>
"Clearwater is not just a treasury solution or an accounting solution, but ...
Implementing a Superior Strategy for Insurance Investment Reporting
[ Source: Clearwater Analytics ]
September 2011-
Insurers using an Integrated by Design investment portfolio reporting system delivered as an outsourced Software-as-a-Service (SaaS) solution realize advantages unmatched by disparate, on-premise systems reliant on middleware and manual processes. This demand for timely, accurate, actionable portfolio information delivered in an easy-to-consume manner has exposed the shortcomings of installed, legacy systems and the manual processes that accompany them. Turmoil in the financial markets in the wake of the sub-prime mortgage crisis has intensified the need ...
Establishing Investment Accounting and Reporting Best Practices
[ Source: Clearwater Analytics ]
September 2011-
The complexity and uncertainty of today's financial markets have put tremendous pressure on the teams responsible for managing investment portfolios and the functions associated with them. At the same time, Boards must be briefed and they expect all portfolio data to be accurate - at their convenience. With growing investment balances across the industry, it's imperative that the relevant stakeholders have access to automated, consolidated investment information that is actionable and timely. <br>&...
Streamlining Investment Portfolio Management and Control
[ Source: HCL AXON ]
June 2011-
While the complexity and sophistication of financial assets available to portfolio managers has increased significantly in recent years, the same cannot be said of the processes employed to manage them. <br><br>
Automated processes, a standardized data set and intelligent reporting help insurance companies remove cost and complexity from managing diverse asset portfolios.
Insurance: Converging Customers, Cost Management and Compliance
[ Source: Kofax ]
February 2011-
As challenges always provide chances, the future looks good for the insurance industry as a whole. Companies that understand the new market dynamics and take a holistic approach to cost management, operational efficiency, customer value and risk management will come out as clear winners, driving income, profit and business growth. Globalization and today’s technologies are working in favor of those organizations.
Medicare Secondary Payer Reporting Requirements: The Critical Role of Automated Controls and Continuous Monitoring
[ Source: Infogix ]
October 2010-
Important Points:
• Medicare Secondary Payer Act mandates insurance organizations to submit a report when a Medicare eligible beneficiary’s claim is fully or partially resolved during the applicable reporting period.
• Lack of reporting compliance may result in fines as high as $1,000 per day for each individual for whom information should have been reported.
• Insurance organizations continue to experience challenges to ensure the accuracy and completeness of reports due to the presence of multiple claims systems ...
Building an Adaptive Enterprise Document Automation Strategy
[ Source: Oracle ]
September 2010-
Analysts estimate that the average insurer has between five and eight document automation solutions, sometimes running multiple systems within each business unit, that create communications and efficiency challenges. Learn the steps to achieving a single, adaptive document automation platform that efficiently executes on today’s customer and channel communications strategies, with the flexibility to expand and change with future communication and regulatory needs.