Success Story: Reporting

AUTOMATION OF REPORTING FOR TECHNICAL PROVISIONS

The regulatory requirements of Solvency II stipulate that insurance companies put in place efficient reporting processes. This poses a particular challenge to insurance companies operating at a global level. One of the leading international industrial insurers is Allianz Global Corporate & Specialty (AGCS), which has subsidiaries in 25+ jurisdictions. Part of the project “TechDB”, the Q_PERIOR team designed a solution to process and prepare technical provision data from Actuarial, Accounting, Claims and Underwriting and provide this data for actuarial reporting purposes. The core of the project is the standardization and automation of calculations and processes, as well as the consolidation of numerous feeder systems, including the validation of data at an early stage. The high quality of business and technical specifications – further ensured by prototype implementations to prove the concept – is paramount to meet ever-increasing reporting requirements with regard to data volumes and deadlines.

More Success Stories

What has our client achieved with this?

  • Efficient closing process
  • Ensure data quality and comprehension of reported data
  • Aligned and standardized calculations and processes between the departments
  • Create efficient Feeder-interfaces
  • Validation of data from various reports at an early stage
  • Limit the number of manual interventions to a minimum

Our Approach

Q_PERIOR successfully implements digitalization projects for insurance companies – from the analysis and conceptualization right up to the rollout. Find out more about the specifics of our approach – in close collaboration with our customer!

Q_PERIOR Reporting Success Story

WE ARE THERE FOR YOU!

With Q_PERIOR, you have a strong partner at your side.
We look forward to your challenge!

2017-07-21T12:50:29+00:00 18. March 2017|