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 check of the acquired data and stamps
Reconciliation and matching of the stamps produced by management systems for compliance purposes (IVASS)
Reconciliation and matching of the stamps produced by management systems for compliance purposes (IVASS)
Ease, simplicity, and security
Possibility to modify some information while allowing traceability
Certification of stamps and Technical Accounts
Data extraction at different process phases for checks and intermediate verifications
Stream production for feeding external procedures
Certification of stamps and Technical Accounts
Data extraction at different process phases for checks and intermediate verifications
Stream production for feeding external procedures
Surplus management
Advanced surplus management for proper feeding of the periods to follow (monthly and annual)
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
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
Traceability and auditability of the entire process
Improved Data Quality
Elimination of components resulting from human error
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
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