ANB has helped a leading life insurance company to review and implement effective investment risk management function both from functional as well as system perspective.
client brief
The client is one of emerging private life insurers.
business needs
The insurer being an emerging life insurer realized the need to review its Investment function both from Functional as well as system perspective. The client at the same time wanted to review its Investment Function in light of Insurance Regulatory requirements and industry benchmarking.
challenges
With increasing quantum of money with insurers, the role of the Regulator in framing comprehensive investment regula-tions for safeguarding policyholders’ interest has become vital. The Insurance regulator has over the period has issued Investment Regulations which are constantly updated in keeping with the increasing risks in this function. This has posed a real challenge as systems and processes need to be upgraded to meet the regulator’s aforesaid requirements.
The client wanted an expert in this area to help plug gaps in its investment risk management function.
solution approach
ANB with its qualified personnel helped the client review following areas:
The following was the approach adopted in this regard:
