Financial Risk Solutions (FRS), the Dublin-based software provider to the life insurance industry, has announced the launch of Invest|Pro Analytics, a web-based reporting and control tool for fund administration.
Invest|Pro Analytics provides life insurance companies with real-time investment administration data and allows then to connect data across various databases into customizable reports.
"Business intelligence is critical in order to efficiently run a successful life company today," says Frank Carr, chief marketing officer at FRS. "The Invest|Pro Analytics Business Intelligence tool gives users the ability to quickly access and interpret data for decision-making, exception reporting and effective risk management, thereby empowering decision-making and reducing risk and costs. And with the pending Solvency II deadline, having a real-time view of overall asset exposures will assist in addressing the regulatory changes underway."
FRS says it has been answering market demand for more real-time actionable data. Its service is already being implemented by three existing FRS clients.
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