Service: Conversion and Implementation

Spending Smart Instead of Spending Big: Maximizing Efficiency in Investment Management by Optimizing Legacy Architecture AND Integrating Agile Methodology

The investment management industry – which relies on efficient processes and interdependent digital technology platforms to remain competitive – must keep pace with the perpetual rapid changes to industry standards and requirements and the technology that governs them. The latest innovations could be in any number of arenas: business processes, machine learning, artificial intelligence or blockchain to name a few. Adopting change is compulsory – lions and tigers and bears, oh my! The variables for a firm to consider include:
* Identifying the current drivers to implement changes
* Choosing the ‘right’ next changes considering the drivers
* Optimizing the implementation of the changes by using Agile methodology
Enlisting qualified strategic consulting partners can be instrumental in successfully spending smart instead of spending big when firms seek to maximize their front-to-back efficiency.

by Joshua B. Levitt, Principal

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Transformation Challenges Facing Insurance Investment Operations

The operations arms of Insurance Investment Managers are experiencing increased activity. With challenges mounting from increased customer expectations, a challenging regulatory environment, and a divergence in the quality and quantity of data between front and back offices; Insurance Investment Managers are looking for new solutions. The software landscape is quickly evolving as the impetus for change has reached critical mass.

During the past two decades, we’ve observed many investment managers, including insurance companies, painfully and expensively deploy human capital rather than address technology gaps to solve their operational challenges. Failure to keep applications and related infrastructure current drives up costs. As firms seek change, experienced resources can dramatically improve outcomes.

by Laurie J. Hesketh, CIPM, PMP, Managing Director

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Investment Accounting Systems: Keeping up with Ever-evolving Insurance Statutory Requirements

Investment accounting is an ever-changing process, especially for insurance companies and publicly traded insurers. Statutory accounting regulations (STAT) from the National Association of Insurance Commissioners (NAIC) and accounting rules from the Financial Accounting Standards Board (FASB) for generally accepted accounting principles (GAAP) have been rapidly and broadly changing reporting requirements in response to riskier investment types, new investment categorizations, and changes in accounting rules. Flexibility within investment accounting systems is more critical than ever.

Rules are written or modified annually for investment accounting, which puts pressure on insurance companies to quickly implement new procedures and support systems to remain compliant. Enlisting Meradia’s expertise in evaluating your current state, defining your target state, vendor selection, conversion, and implementation can help you successfully navigate through this dynamic environment.

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