Portfolio Systems for Insurance Firms: Chariots of Fire
Report Summary
Portfolio Systems for Insurance Firms: Chariots of Fire
As regulators decipher new regulation, insurance companies require a small army of vendor experts.
Boston, March 6, 2014 – Insurance companies are also global investment firms that manage trillions of dollars received as insurance premiums. As a result, portfolio system vendor solutions for insurance firms range from pure back-office accounting to integrated suites, and they have been coping with numerous regulations and ongoing core accounting components—one envisions their wheels spinning like chariots of fire as they strive to meet their clients' regulatory deadlines. To this end, vendors supporting insurance firms are focusing on work-flow efficiencies, alternative investment processing, reduced client costs, and improved GUIs.
This Aite Group Impact Report considers portfolio management and accounting solutions that have a significant presence with insurance companies. It profiles seven vendor solutions serving this space: DST Global Solutions, Eagle Investment Systems, Linedata, Princeton Financial Systems, SimCorp, SS&C Technologies, and SunGard Data Systems. Based on August to October 2013 Aite Group surveys of and interviews with 22 vendors representing 31 portfolio management and accounting systems, it is the fourth in a series of reports about portfolio systems—find the first three here, here, and here.
This 43-page Impact Report contains four figures and 16 tables. Clients of Aite Group's Institutional Securities & Investments and Insurance services can download this report.