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Insurance and Underwriters

Industry Solutions

In the 21^st century world, risk management and regulatory compliance are major concerns for many finance professionals working in the insurance industry.  As a result, Sapphire receives requests from insurers and underwriters for help with more and more extensive compliance and reporting requirements - and a cost effective approach is of paramount importance.   

A cost effective approach takes on additional relevance in view of the fact that lowered technology costs have made it possible for new companies to enter the market with relatively little capital - and make headway at the expense of established companies. 

Because of this, success today requires impeccable service and superb client management.  In other words, to prosper, under current conditions, you must be as responsive, reliable and adaptable as possible. 

Although adaptability may improve your chances of success it also carries risk.  Financial discipline is essential because the market is so competitive and margins are so tight.   To compete, a way must be found to make sure that flexibility and rapid response will not result in an increase in expenditures and a reduction of profits.  Sapphire believes it has the applications that can help.

Sapphire’s range of solutions offers capabilities for:

• Complete financial accounting, business and performance management features.

• Seamless interfaces to Underwriting / Brokerage and front office systems. 

• Periods kept open according to client specifications; allowing for three year accounting periods. 

• A group of built in reporting packs to focus on the intricacies of compliance reporting.

• Unlimited currencies in each account and ledger.

• Full consolidation of separate ledgers for group/company reporting.

• Integrated management information that makes drilling down into finance data simple and easy to perform.

• Extraordinarily adaptable and robust analysis and reporting features allow for full opportunity reporting so market decisions can be made more quickly. 

• Better, faster collection and financial information monitoring results in enhanced control of overheads.

For further information about solutions that can fulfill these requirements please visit our products and solutions section. 

If you are interested in seeing any of our product and services in action, why not check our current events section for further information?

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