Insurance technology services
A tailored approach for insurers
Barnett Waddingham provides specialist consultancy and support to:
For all aspects of:
Across a suite of technology solutions including:
Our experience and expertise with a wide range of established and cutting-edge technology and software allows us to offer independent end-to-end technology centric guidance, assistance, and services to insurers. Whether this is enhancing data structures and storage, producing data analysis and visualisations to process improvement and transformation, we always look to apply the best fit for purpose technology the client requires.
We are experienced in working with a range of clients, from small mutuals to large multinationals within life insurance and from captives to the very largest listed global commercial lines non-life organisations.
The company that unlocks the potential of their data can truly gain a competitive advantage for their business and add value for their customers. By taking a holistic proactive approach means we look at the wider regulatory and business landscape to determine a system that complies with all the requirements, either regulatory or business.
We have assisted clients through regulatory transformation, as well as with large scale process transformations to unlock this potential.
Whether designing, supporting, or advising on projects and governance, our experience and knowledge ideally places us to support you in developing the full use of data and analytics and ultimately embedding it within your business.
Regulatory and business requirements are ever changing, and decisions need to be made on when and how as a company you start to engage and make those changes. We have had two large scale challenges with Solvency II and IFRS17 in the last decade. Coming up we will see Solvency II reform for the UK market and IFRS17 become more established with new approaches being developed. We have extensive experience in relation to both Solvency II and IFRS17, from regulatory interpretation through to implementation, testing and integration of the process into your BAU function.
Underpinning those regulatory requirements and business analytic developments are software and infrastructure needs. We have been assisting clients across multiple aspects of systems and process transformation focusing on:
We are here to help manage, assist, guide and implement depending on how you wish to work. We remain agnostic to solutions to provide a subjective independent view for clients. We look at each client’s individual needs and resources and then utilise our extensive experience from working with multiple companies of varying size and complexity to ensure the right solution and process is implemented.
Barnet Waddingham are ideally placed to help you fast track your regulatory changes through a combination of internal expertise from working on large scale projects and providing pre-existing tools.