Financial Risk Solutions (FRS) has launched new Business Intelligence software, Invest|Pro Analytics, for life insurance companies.
The new tool helps life insurance company executives and operational staff by providing access to real-time investment administration data.
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Designed to address the market demand for real-time actionable data, Invest|Pro Analytics features graphical, user specific and customizable dashboards, and is already being implemented by three existing FRS clients.
FRS chief marketing officer Frank Carr said Business Intelligence is critical in order to efficiently run a successful life company today.
"The Invest|Pro Analytics Business Intelligence tool gives users the ability to quickly access and interpret data for decision-making, exception reporting, effective risk-management – thereby empowering decision-making and reducing risk and costs."
"And with the pending Solvency II deadline, having a real-time view of overall asset exposures will assist in addressing the regulatory changes underway," Carr said.
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