Agile Steps on the 1,000 Mile Journey
“A journey of a thousand miles begins with a single step…but it helps if it’s bold and in the right direction!” The insurance industry is at an inflection point – the digital challenge and changing needs of a younger generation mean that insurers need to adapt quickly to the demands of tomorrow’s customers or risk […]
The BPA Collateral Conundrum
“Does the drive to collateralise more bulk annuity transactions lead to suboptimal outcomes for customers, pension trustees and insurers?” Bulk purchase annuity (“BPA”) business has grown significantly in the last 5 years, driven recently by pension reforms enacted in 2014 that had a significant impact on the individual annuity market. Recent market data shows that […]
Recovery and Resolution
Context Banks deemed systemically important to the financial system are required to produce and maintain recovery and resolution plans*. These set out the arrangements in place to ensure their ability to recover from short-term stresses, in the event of a material deterioration in their financial situation. Plans must include recovery options that cater for a […]
IT Department Transformation
Created a target operating model and managed journey towards that. Established Agile way of working and team model related to that. Trained and enabled IT leadership and staff on Agile. Coached and mentored IT and business teams on Agile adoption
The challenge A leading life assurance company required a new operational model and set of system infrastructures to deliver one global operating platform – creating a more holistic view of its portfolios The firm was working with disparate systems, which had been integrated over the years – it had no standard architecture The solution The […]
Unifying business operations
The challenge A leading bank merged three life assurance companies together, which resulted in the use of three disparate unit pricing funds. The bank need to implement a revised infrastructure to provide one seamless pricing process. The solution Assessing the current infrastructure a solution was devised, which could work across all operations. Implementing the new […]
HUGHUB A digital insurance platform that transforms the way consumers buy and manage their insurance. All insurance products in one place, online, easily managed, cost-effective
Banks require a single solution to manage their growing regulatory reporting requirements. stressrep™ covers the FRB’s FR Y-14A, FR Y-14Q and FR Y-14M and also the OCC DFAST and BCP submissions.
Business & technology transformation for the financial services industry. Changing ways of working to make business more efficient and cost effective.