As a London market operator, your business requires a monthly, quarterly and year-end pool of reports. They typically entail a number of reserving, modelling and reporting processes, both for your internal monitoring needs and external market analysis.
Monthly close processes and market reporting such as the PMD: quarterly gross close and GQD reporting: actuarial estimating and Solvency II returns; year-end processes and the Annual Solvency Return – typically needing multiple process runs and all within a restricted time period – lead to an intense peak of demand on resources.
Even with careful performance and capacity planning, the periodic short burst of technology resources involved in repeatedly accessing, processing, modelling and reporting on the data can be a “bottleneck”, or alternatively an expensive asset largely under-used outside of these peak times.
As the market modernises through the TOM programme, how can you take advantage of technology modernisation within your organisation to improve these core processes?
James Cherry, CTO of Northdoor, will provide an explanation and demonstration of how these processes can be executed dramatically quicker, at lower cost and more efficiently through use of a modernised data warehouse architecture that takes advantage of cloud technology, specifically Microsoft Azure’s SQL Data Warehouse.
The presentation will be followed by a round table discussion with your peers to share relevant views and experiences.
Senior Managers in London Market operators who have a leading role in the reserving, modelling and reporting technology and processes – Head of IT / BI / MI, Risk Officers, COO, etc.
Northdoor is a corporate IT consultancy firm, specialising for nearly 30 years in the insurance sector and London Market. Our NdexInsure applications are widely used in the market and we have been an active participant in the TOM programme. We apply our knowledge and expertise to help businesses capture, protect, manage and analyse large volumes of commercial data. As data becomes the lifeblood of any company, our business and information technology specialists will help you to harness your assets so that you can meet regulatory requirements, gain clear strategic insight and secure a competitive advantage.