πŸš€ Supporting insurers in their transformation

With over 10 years of experience in the insurance sector, Act-unity provides expertise in both strategic projects and business-as-usual (BAU) operations. Our approach combines pragmatic solutions with hands-on implementation, ensuring seamless transformation and operational efficiency for insurers. We work alongside our clients to identify challenges, implement tailored solutions, and optimize business processes to enhance performance and compliance.

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πŸ“Œ What Act-unity can do for you:

πŸ”Ή Process Design & Optimization
πŸ” In-depth process analysis through detailed process flows to identify bottlenecks and inefficiencies. βš™οΈ Targeted improvements based on best practices and industry standards to streamline operations and increase efficiency. πŸ› οΈ Development of tailored tools through automation and digitalization to support business needs and enhance decision-making. πŸ”„ Process mapping and optimization to document, analyze, and enhance operational workflows for greater efficiency. πŸ“– Use case definition to illustrate functional scenarios, validate business requirements, and guide implementation.

πŸ”Ή Project Execution
πŸ“… Project management with structured coordination, timeline tracking, and risk mitigation strategies to ensure smooth execution. πŸ“Š Business analysis focused on understanding processes, identifying gaps, and recommending strategic improvements. πŸ“Œ Business Requirements Definition to capture objectives, constraints, and functional needs, ensuring alignment with business goals. βœ”οΈ Testing & validation of solutions to guarantee operational reliability and compliance with industry regulations. πŸš€ Implementation & deployment of solutions, including change management support and stakeholder engagement.

πŸ”Ή Platform Migration
πŸ“Š Assessment of existing systems to evaluate compatibility, technical constraints, and integration needs. πŸ”„ Structured migration plan, including data mapping, transformation, and validation to ensure continuity of operations. βœ… Testing & validation before production deployment, reducing risks and ensuring a seamless transition. πŸŽ“ Team training and user adoption strategies to facilitate a smooth integration into business processes.

πŸ”Ή Portfolio Migration
πŸ“‹ Contract analysis and tailored transfer strategy to ensure a well-structured and efficient migration process. πŸ“‚ Data management & information consolidation, ensuring accuracy, completeness, and compliance with regulatory requirements. πŸ“ Operational support for Transition Service Agreement (TSA) preparation and execution to ensure service continuity during the migration phase and facilitate a smooth handover between entities. 🀝 Coordination with stakeholders, including insurers, administrators, and regulators, to align expectations and streamline execution. πŸ“ˆ Reserve recalculation to validate financial commitments and ensure actuarial soundness in alignment with regulatory and accounting frameworks. We ensure that the different calculation methods specific to each system produce equivalent results. If discrepancies arise, we analyze their origin to understand the differences and plan for potential compensatory reserves accordingly. πŸ’° Cash flow calculations to assess future financial obligations and ensure proper liquidity management. πŸ“Š Price adjustment analysis to align policy pricing with updated risk assessments and financial projections.

πŸ”Ή Day-to-Day Contract Management
πŸ“ Contract administration and data updates, ensuring timely and accurate policy management. πŸ“Œ Monitoring of modifications and regulatory compliance, keeping contracts aligned with evolving legal and operational requirements. πŸ“Š Expertise in group insurance (Employee Benefits), ensuring seamless handling of key administrative tasks:
πŸ“… Annual contract updates to reflect policyholder and regulatory changes.
πŸ’° Funding level control for Defined Benefits plans to ensure alignment with expected liabilities.
πŸ“‘ Declarations to Sigedis, ensuring accurate and timely reporting.
πŸ”„ Retirement age adjustments, aligning with corporate pension schemes and legal frameworks.
βš–οΈ Adaptations in line with transparency regulations, ensuring compliance with new disclosure requirements.

🎯 Our commitment:

Act-unity provides tailored solutions, deep technical expertise, and hands-on experience to support insurers in achieving an efficient and seamless transformation. Our approach ensures operational excellence, compliance with industry standards, and sustainable growth for our clients. Act-unity team is also fully equipped to support and guide our consultants working on various missions, leveraging extensive expertise and a thorough understanding of all insurance products. This allows us to offer high-quality support and valuable industry insights tailored to our clients’ needs.