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Data Hub

Technical life account and technical non-life account

Data Hub

Technical life account and technical non-life account

Client testimonials

Citazione Alberto Scavino 1With 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:

Data Quality, Data Integration, Compliance

Net Insurance sceglie Irion EDM
NEEDS, CHALLENGES, AND SOLUTION
Needs

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)

La soluzione

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

Challenges

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