Non-life and life technical account
Technical Life Account and Technical Non-Life Account
With Irion technologies and expertise we have created an enterprise-wide awareness of the importance of data and information as an asset. […] Within a few months we substantially changed the accounting systems, consolidated all the streams that feed them, certified the streams, and produced the necessary commercial and actuarial reporting.
Fabio Pittana
Chief Operating Officer
Customer since
2019
Requirements
Automation and security of Technical Life Account and Technical Non-Life Account
Automation
Acquisition of data and stamps that feed technical accounts from management systems
DQ and Reconciliation
DQ control on acquired data and stamps
Reconciliation and balancing of stamps produced by management systems for compliance purposes (IVASS).
Reconciliation and balancing of stamps produced by management systems for compliance purposes (IVASS).
Ease, simplicity, and security
Possibility to modify certain information in compliance with traceability requirements.
Certification of stamps and technical accounts.
Data extraction at various stages of the process for intermediate checks and verifications.
Production of flows to feed external procedures.
Certification of stamps and technical accounts.
Data extraction at various stages of the process for intermediate checks and verifications.
Production of flows to feed external procedures.
Surplus management
Advanced surplus management for proper feeding of the periods to follow (monthly and annual)
Challenges
Automation, calculation, transformation, and historicization
Reverse Engineering
Reconstruction of the entire process of calculating the Technical Account of Life and non-life Branch
Automated processes
Acquisizione, calcolo, trasformazione, riconciliazione e reporting
Historicization
Management of the information needed to determine the Technical Accounts
Solution
Fast claims analysis on up-to-date and reliable data
Capabilities
Some of the Irion EDM features used:
- Orchestration & Automation Workflow Engine
- Audit: Trace & Verify Proc, Rules & Data
- Metadata Driven Engine, Execution & Datastore
- Transformation & Rule Engine
- Adaptive Data Repository
- Automatic Documentation
- Dashboarding & Reporting
- Mail notifications.
Results obtained
- Reduced calculation time
- Traceability and auditability of the entire process
- Improved Data Quality
- Elimination of components resulting from human error
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