Swedish insurer AFA has selected ABACUS/Solvency II software from BearingPoint in a software-as-a-service model.
The software gives the insurer a way to meet Solvency II regulatory reporting requirements.
“We opted for ABACUS/Solvency II for two major reasons: It’s a proven solution and it was available as SaaS. So we will be able to achieve a rapid deployment within a few months with customized processes," says Johan Dahlgren, CFO at AFA Insurance.
Representative of the state's insurance industry tells regulator that insurers have to pass on the cost to stay solvent. Comments on the proposal are open through May 5.
To stand out, insurers must go beyond the status quo, prioritizing seamless experiences for both customers and employees.
Embedded insurance leverages data and tech to offer coverage seamlessly online, meeting customers when and where they need it.
The probe into the deadly Southern California Eaton fire is likely to take a year or more as authorities examine Edison International's utility equipment as the possible cause, according to the company's CEO.
Most employers expect to have a greater reliance on advisers over the next five years amid growing demand for data driven-insights about the value of benefits.
Making sure younger employees have a clear understanding of their benefit offerings can help them stay healthy and cut down on unnecessary costs.
