The unique nature of the insurance vertical lends itself to complex technologies to support it. In particular, portfolio management and accounting (portfolio systems), are the subject of the most recent Aite Group “Impact Report,” which targets the solution providers that service this pocket of the industry.

Aite Group, a Boston research firm, notes that many insurers tend are large entities working in a global environment with each global location having its own accounting requirements, meaning that the portfolio systems supporting them must offer multi-basis accounting.

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