Insurance Risk Management for the Digital Age

Reimagine Insurance Risk Management in the Digital Age

Rapidly changing business needs and regulations are continuously increasing the expectations placed on an organization’s risk management function. This has increased the demand for enterprise risk management frameworks that:

• Improve actuarial and IT efficiency and productivity, especially during critical times
• Minimize the turnaround time needed to generate the necessary calculation-rich reports that fulfill the necessary audit control requirements
• Comply with the new reporting requirements resulting from the dramatic increase in the volume of necessary calculations

The burden falls on an organization’s actuarial and IT functions to find a suitable environment that provides risk management systems which deliver greater performance, reliability, control and scalability – something that can’t be achieved with the traditional desktop actuarial modelling tools.

Download this white paper to explore how Visionet reimagined a Fortune 500 annuity and life insurance company’s risk management and measurement by developing a custom application framework leveraging FIS Prophet.