Insurance companies
Answering to the needs of the management of the assets of unit linked contracts and match assets and liabilities back to back.
Insurance companies must equip themselves with I.T. systems adapted to the sophistication of unit linked life insurance contracts.- For the management of the order book, the insurance company must recuperate the investments made on behalf of the insurance contracts and generate the subscription and redemption orders according to the investment vehicles associated to the contract.
- The order management system must be capable of combining investment orders according to parametered rules in order to minimise the volume of orders and the associated transaction costs.
- The insurance company must be able to send orders to different centralisers in different proprietary formats.
- The insurance company must be able to easily reconcile orders with confirmations sent by the custodian and equip themselves with the right tools to trace any reconcilation errors.
- The insurance company must be able to match assets and liabilities back to back and be able to measure any cause of non-matching to minimise to risks of cover between the assets and liabilities.
- In the case of Multi-vehicle life insurance, the company must be able to calculate or verify the commissions and retrocessions owed by the Asset Management companies or distribution platforms.
- The insurance company must also be able to calculate the commissions and retrocessions to be paid to the distributors of unit linked contracts.
For more information, consult Scenario.