The creation of a single source of truth across investment (IBOR) and accounting (ABOR) data can be a challenge for insurers with external managers or acquired books of business. Using data management technology to clean, standardize and unify data can provide a cleaner enterprise architecture and stronger data governance.
Throughout their history, insurance portfolios have been heavily weighted to investment grade bonds, municipals, treasuries, and other low-risk fixed-income instruments.
Integration of a firm’s Investment Book of Record (IBOR) with its Accounting Book of Record (ABOR) is consistently one of the most complex and important data management challenges for insurance investment organizations. Properly unified information from each of these systems is critical to investment decision-making by front-office personnel.
Grandview’s Phil Dauer joins InsuranceAUM to discuss how insurance companies can overcome 5 key data challenges to optimize and inform investment decisions.
Grandview Analytics’ business development managing director reflects on the power of relationship-building.
Investment managers need accurate, timely and complete flow of information. This eBook explores five of the challenges that insurance companies face in relation to their investment data and offers possible solution designs to overcome them.