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Accounting and Financial Systems: Technological Enhancements Offer Promise — and Questions

New accounting and financial systems offer increased automation, improved integration and more-powerful reporting.

Insurers' accounting and financial systems -- including billing, annual reporting, portfolio management and investment management platforms -- are becoming increasingly integrated with other enterprise systems, boosting the automation of many financial processes. In addition, more-powerful reporting capabilities are putting vital information in the hands of decision makers. What are some of the technological enhancements to these systems that can improve the way carriers track, manage and report on their investments and financial performance? And what impact will new regulatory trends, such as principles-based reserving, and the possibility of an optional federal charter (OFC) have on the ways insurers address financial reporting and accounting requirements?

Peggy Bresnick Kendler has been a writer for 30 years. She has worked as an editor, publicist and school district technology coordinator. During the past decade, Bresnick Kendler has worked for UBM TechWeb on special financialservices technology-centered ... View Full Bio

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