Sapiens, Clear Blue Insurance Group | April 29, 2021
Sapiens Americas, a completely possessed auxiliary of Sapiens International Corporation, a main worldwide supplier of programming answers for the insurance business, today reported a consent to convey Sapiens ReinsurancePro by the Clear Blue Insurance Group, a property and loss endeavor that gives business and individual insurance programs in organization with general offices and reinsurers.
As a program expert organization that gives reinsurance markets admittance to essential US property and loss business, Clear Blue has many surrendered reinsurance contracts. To help meet the one-of-a-kind requirements and hazard hunger of their reinsurance accomplices, Clear Blue has an enormous assortment of agreement arrangements and equal reinsurance programs. Clear Blue is carrying out ReinsurancePro to help deal with the expanding volume and intricacy of its surrendered reinsurance technique.
"Sapiens' answer hangs out in the business for its demonstrated capacity to improve productivity while extending our abilities to oversee for complex designs and absolute limit," said Peter Klope, Clear Blue COO. "This will empower Clear Blue to more readily serve our accomplices. ReinsurancePro's solid computerization and profoundly straightforward, the proficient stage will give auditable preparing, oversee complex reinsurance exchanges and rapidly react to new reinsurance contributions."
Made and planned only for the reinsurance market by a portion of the business' driving specialists, Sapiens ReinsurancePro deals with the whole scope of reinsurance agreements and exercises for all lines of business. Underlying robotization of agreements, estimations, and cycles gives adaptable and full monetary control of the reinsurance measures, including reviewing necessities and legal consistency. Over 100, safety net providers overall utilize Sapiens' reinsurance arrangements.
The choice to pick a cloud-based reinsurance framework was incited by two viewpoints:
1) openness of stage 24*7 from any spot, and 2) the requirement for extra IT assets now accessible as a feature of Sapiens oversaw administrations bundle.
Sapiens' wide scope of oversaw administrations permits safety net providers to zero in on the fundamental business while utilizing the expert help of a group with personal information and aptitude.
"Clear Blue was looking for a straightforward, smoothed out reinsurance organization stage with a limit with regards to following approach and claims exchanges, that robotizes complex bookkeeping assignments and is truly adaptable enough to change with new terms and conditions," said Roni Al-Dor, Sapiens president and CEO. "Sapiens incredible ReinsurancePro arrangement, our utilization of the Microsoft Azure stage, and the receptiveness of the information base tables were solid main considerations for Clear Blue. We are extremely satisfied to engage Clear Blue as they continued looking for full monetary control of the reinsurance measures and to empower them to address the issues of their reinsurance accomplices."
Sapiens International Corporation enables backup plans to prevail in a developing industry. Sapiens offers advanced programming stages, arrangements, and administrations for the property and loss, life, benefits and annuity, reinsurance, monetary and consistency, laborers' remuneration, and monetary business sectors. With over 35 years of involvement conveying to more than 600 associations internationally, Sapiens has a demonstrated capacity to fulfill clients' center frameworks, information, and advanced necessities.
About Clear Blue Insurance Group
The Clear Blue Insurance Group is a property and loss insurance bunch furnishing insurance programs cross country in association with MGAs/program managers and reinsurers across the world. Clear Blue represents considerable authority in a wide assortment of business and individual line inclusions through its conceded lines and E&S transporters. The Clear Blue gathering comprises four P&C insurance organizations bunch appraised A - (Excellent) by A.M. Best: Clear Blue Insurance Company, Clear Blue Specialty Insurance Company, Highlander Specialty Insurance Company, and Rock Ridge Insurance Company.
Moody’s Analytics | November 25, 2021
Moody’s Analytics is pleased to announce the launch of RiskIntegrity™ Investment Insight, an asset-liability management (ALM) solution for insurance companies. The new tool combines data and modeling capabilities from across Moody’s Analytics to help insurers to build liability-aware investment portfolios and better evaluate their investment strategies across a range of business metrics.
Insurance companies face a variety of challenges in managing their organization’s investment strategy including understanding the impact of alternative asset classes, reducing the operational risk of maintaining complex data and models, and adapting to regulatory change. Available as a software-as-a-service (SaaS) solution, RiskIntegrity Investment Insight helps insurers’ ALM and investment teams address these challenges by bringing Moody’s Analytics core content and models to life to deliver user-friendly analytics and reports on demand.
“Insurers are looking for control and visibility of the economic assumptions and scenarios embedded in their investment process. They need to be able to quickly assess the impact of investment decisions across a range of business metrics – economic, capital, and liquidity. RiskIntegrity Investment Insight will help insurers to perform strategic asset allocation, make better investment decisions, and take more control of their investment process,”
- Phil Mowbray, Senior Director at Moody’s Analytics.
Using the tool, ALM and investment teams can develop new investment strategies to enhance risk-adjusted returns, and apply filters or constraints to align with their specific objectives and risk profiles.
RiskIntegrity Investment Insight is part of Moody’s Analytics suite of award-winning solutions designed to help insurers manage current and emerging risks, and make better integrated risk decisions. Moody’s Analytics insurance solutions include the RiskIntegrity™ for IFRS 17 solution, our AXIS™ actuarial system, and Climate Pathway Scenario Service.
About Moody’s Analytics
Moody’s Analytics provides financial intelligence and analytical tools to help business leaders make better, faster decisions. Our deep risk expertise, expansive information resources, and innovative application of technology help our clients confidently navigate an evolving marketplace. We are known for our industry-leading and award-winning solutions, made up of research, data, software, and professional services, assembled to deliver a seamless customer experience. We create confidence in thousands of organizations worldwide, with our commitment to excellence, open mindset approach, and focus on meeting customer needs.
Luma Financial Technologies, Insurance Technologies | February 24, 2021
Luma Financial Technologies ("Luma"), a free, multi-issuer structured products and annuities platform, reported today that they have chosen Insurance Technologies, LLC, supplier of FireLight®, a multi-transporter start to finish insurance and retirement deals platform, as its most recent accomplice to bring their annuities solution, "Luma Annuities," to market.
The Luma platform, which is sponsored by three of the world's biggest banks, was worked to improve on the structured item venture measure. After solidly setting up itself as the worldwide fintech market leader in the structured products space, Luma is currently presenting an unequaled annuities solution that gives improved customer worth and helps consultants in battling their customers retirement saving difficulties, which are being driven by increasing market unpredictability and a low interest rate climate.
Luma Annuities is a turn-key annuity deals and lifecycle management solution that straightforwardly addresses the greatest difficulties confronting counselors selling annuities today. The solution works on all parts of getting the hang of, executing, arranging, and overseeing annuities for venture firms and guides, allowing them to unquestionably offer their customers a more extensive scope of income-generating products.
“Our mission has always been to simplify product complexities and give advisors smart solutions that they can believe in,” said Jay Charles, Director of Annuities at Luma Financial Technologies. “By partnering with Insurance Technologies and leveraging the FireLight platform’s embedded API capabilities, we bring a seamless order entry experience to financial professionals around the world. It is through our scale that we’re able to provide advisors with this unmatched experience, allowing them to offer their clients a wider-range of solutions to potentially put them on a path to a more secure retirement.”
The new solution offers best in class innovation modules that are worked by guides, for counselors. It was intended to offer top tier instructive substance just as highlight broad information across a merchant seller's whole annuity item rack so guides can look at rates, riders, and item includes. Additionally included are prescient investigation and transporter delineation includes that enable consultants to introduce the best, most secure item solutions to their customers. Independently, the solution additionally allows guides to track and screen the presentation of the products they sold through the Luma platform, just as products in their past book of business.
By inserting the Insurance Technologies FireLight solution inside the Luma platform, clients get a durable deals insight, allowing them to oversee products and rules in one incorporated area.
Since 1995, Insurance Technologies has been altering the insurance and financial services industry to enable financial experts and counsels to all the more likely serve their customers. Their solutions have for some time been executed inside industry-driving insurance transporters and wholesaler firms.
“We’re extremely excited to partner with a company that is adding tremendous value to the annuity category at a time when Americans need guaranteed income options more than ever,” said Doug Massey, EVP of Sales and Relationship Management, Insurance Technologies. “The ability for Luma to utilize the FireLight sales platform to access e-application and illustration data demonstrates the power of FireLight to allow carriers to build product rules once and re-use anywhere, seamlessly offering products in various user interfaces and effective solutions such as Luma Annuities. The transparency, efficiency, objectivity, and easy-to-manage tools that Luma provides financial professionals are simply powerful. We look forward to working with them to enhance the annuity investment experience provided to their customers.”
About Luma Financial Technologies
Luma Financial Technologies is the creator of Luma, a fully customizable, independent, buy-side platform that helps financial teams more efficiently learn, create, order and manage market-linked investments such as structured products, structured annuities and more. Launched in 2011, Luma is one of the largest and longest-tenured structured product platforms in the U.S. market and is used by broker/dealer firms, RIA offices and private banks to automate and optimize the full process cycle for offering and transacting in market-linked investments. This includes education and certification; creation and pricing of custom structures; order entry; and post-trade actions. Luma is multi-issuer, multi-wholesaler and multi-product, thus providing teams with an extensive breadth of market-linked investments to best meet clients’ specific portfolio needs.
About Insurance Technologies
Insurance Technologies provides innovative sales and regulatory automation solutions to the insurance and financial services industries. Offering a suite of integrated sales solutions, from pre-sale functions to quoting and illustrations through e-application and e-delivery to post-sale services, Insurance Technologies provides carriers and distributors the sales capabilities and tools to create automated and cohesive sales experiences for their advisors and clients across all lines of insurance, retirement and investment products. The unique architecture and flexibility of its solutions deliver front and back-office configurability and usability to support multiple business strategies, encourage cross-channel growth and evolve with regulatory changes.