Data Hub
Technical life account and technical non-life account
Data Hub
Technical life account and technical non-life account
Client testimonials
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, Net Insurance
Among the subjects considered:
NEEDS, CHALLENGES, AND SOLUTION
The needs
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)
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
Surplus management
Advanced surplus management for proper feeding of the periods to follow (monthly and annual)
The challenges
Automation, calculation, transformation, and historicization
Data Hub Strategy
Reconstruction of the entire process of calculating the Technical Account of Life and non-life Branch
Reverse Engineering
Structured engineering of different calculation formulae
Automated processes
Acquisition
Calculation
Trasformation
Reconciliation
Reporting
Historicization
Archiving various information necessary for the determination of Technical Accounts
Data Hub Strategy
Reconstruction of the entire process of calculating the Technical Account of Life and non-life Branch
Reverse Engineering
Structured engineering of different calculation formulae
Automated processes
Acquisition
Calculation
Trasformation
Reconciliation
Reporting
Historicization
Archiving various information necessary for the determination of Technical Accounts
The 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 achieved
Reduced calculation time
Traceability and auditability of the entire process
Improved Data Quality
Elimination of components resulting from human error
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