The insurance sector is currently facing important structural challenges. The main issues are the concentration of the sector, development of distribution modes and competition, increased technologisation, a changing landscape with new players, and convergence between insurance, banking and the financial markets.
These challenges are strategic, structural and sectoral in nature. The aging of the population and the probable end to the welfare state mean that the products currently being sold will need to be reviewed, with, for example, an anticipated explosion in payments taking the form of pensions.
These challenges represent major areas for work :
• Compliance with international accounting standards
• Implementation of new statistical models
• Readiness to Solvency prescriptions and the criteria for risk exposure measurement
ACA thus provides business solutions for insurance companies that respond to their challenges for development of new products. It also offers solutions for collecting, transforming, storing and evaluating information in order to respond to accounting requirements and the need for coherent data throughout its customers’ information systems.
The ACA solutions for the insurance sector enable its customers to respond to the following issues and challenges :
• Sector based challenges
- Solution for pensions management : ASSUREX “RENTES”
- Solution for insurance contracts management : ASSUREX “CONTRACTS”
• Financial issues :
- Solution for financial integration and compliance management : ISIE
• IT challenges :
- Architecture solution : ALEX
- Document editing solution : ALEX MAIL