American Insurer Goes Live with newly acquired USD 850 Million Assets with PAM® in Record Time

Princeton, NJ - 18 November 2010

PAM® implementation and Schedule D reporting completed in only three weeks

A multinational property and casualty insurer has opted for Princeton Financial® Systems’ (PFS) investment accounting solution PAM®. The insurer needed to bring on USD 850 Million in new assets, and be able to generate quarterly Schedule D reporting. The acquisition took place three weeks prior to the end of the quarter.

The requirement could not be handled with their existing system. With over 40 years of industry knowledge, PFS provided the expertise to complete this challenging project and the client was able to generate their regulatory reports on time. Subsequently, the client converted an additional USD 3 billion from their iWorks system onto PAM.

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