Leading Life Assurance Businesses Advance Industry Standards by Adopting Cloud-Based Technologies

Dublin - 16 June 2016

Financial Risk Solutions (FRS), a provider of investment administration and compliance oversight software, has announced the significant uptake of its hosted software offerings by life assurance companies including Prudential International, St James Place International and Hawthorn Life.  

The recent launch of FRS’s Invest|Pro™ and Invest|GRC™ solutions in the cloud using Microsoft Azure now allows life assurance companies to administer and automate mutual fund unit pricing /net asset values (NAV’s), investment accounting and solvency II compliance reporting in a rigorously controlled and scalable environment. 

The ability to deploy both software applications in the cloud, either individually or as a combined solution, not only helps life companies to automate processes and compliance reporting, it also powers the enrichment and integration of vital data for monitoring purposes and breach alerts – and all in an easily accessible, easy to deploy, robust format.

“The cloud is transforming whole industries, and the financial industry is no exception. Through the reliability and scalability of Microsoft Azure, FRS’s Invest|Pro™ and Invest|GRC™ solutions are helping life companies optimize their businesses and get more value out of their data in the cloud.” commented Andrea Carl, Director, Commercial Communications, Microsoft Corp. 

“Hosting our solutions on Microsoft Azure allows us to provide our clients with a speedy and straightforward implementation process which provides a robust, flexible solution without the need for additional infrastructure or resources. This is extremely valuable for many life assurance companies today in assisting them with their increasing administration, reporting and compliance demands while supporting their growth objectives.” added Financial Risk Solutions, CMO, Frank Carr.

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