A large UK insurance company required support to develop a strategy that would improve their actuarial performance by releasing capacity, reducing costs, and streamlining processes. This was the outcome.
Read how MBE Consulting and Apparity helped a global reinsurer reduce spreadsheet risk by implementing a comprehensive end-user computing framework.
With the continuous demands on insurers to reduce costs, deliver faster and increase profits, change is necessary and inevitable.
Case Study: Read how we helped fast track a major South African Insurer with their IFRS 17 transition preparation for two of their main portfolios.
A global insurer was able to embed a culture of continuous improvement, with centralisation of the finance functions and a reduction of 30% in the finance reporting timetable.
Our client had selected a software provider for their IFRS 17 solution. MBE was able to reduce the total estimated spend from R40 m to R7 m.
A large South African insurer had selected a software provider as the supplier for their IFRS 17 solution. A number of the provider’s components were already embedded as the modelling engine for their life insurance business, and their IFRS 17 solution seemed to be the best fit in terms of addressing the data and storage requirements of the new accounting standard.