The processing of insurer statements continues to rely heavily on manual processes on a monthly basis, causing a number of challenges around efficiency, accuracy and control. This content highlights eight common insurer statement challenges that insurance firms face on a monthly basis.
One of the key questions finance leaders in insurance are grappling with is - what does digital transformation mean for finance? This content focuses on how insurers can apply digital transformation in finance, key challenges to overcome and the benefits of taking a holistic approach.
In this video, ARAG's Managing Director, Tony Buss, talks about some of the specific challenges that the company had to overcome in 2020 and how the business still managed to grow and earn a profit, despite them.
This short paper outlines how insurance providers can transform their data based on three simple principles - aggregation, enrichment and validation.
In 2021, insurers must focus on being both digitally-enabled and data-driven in order to remain competitive and succeed. This content focuses on how an end-to-end automated reconciliation solution can deliver significant cost reductions for insurers whilst making spreadsheets a thing of the past.
Insurers accept the need to invest in future infrastructure, however they are less willing to accept the significant time scales often required for initiatives to be delivered. This paper looks at how no-code financial controls and reconciliations remove these challenges and provide agile solutions.
To stay competitive, insurers have an opportunity to thrive by strategically reviewing and controlling their expense ratios. This content sheds light on the major components of an insurer’s expense ratio and the levers available to influence the cost drivers and reduce expense ratios.
This whitepaper looks in detail at the challenges inherent in reconciling insurer statements, the benefits of automation and how AutoRek can help at each stage in the process, from data sourcing and matching right through to reporting.
Designed for intermediaries, MGAs and brokers, this content focuses on how AutoRek delivers a robust automated financial control framework that reduces operational risk, enhances control and delivers efficiencies.
Reconciliations are a vital part of the insurance industry, yet many firms still use manual tools such as Excel to perform these key financial controls. This content sheds light on how AutoRek’s feature-rich reconciliation software solution can help insurers transform their reconciliation processes.