A large Canadian insurer needed to implement earnings by source rapidly. Having read ‘The Analysis of Insurance Earnings’ by John McGarry, and had seen a presentation on the topic, they turned to Insight for the solution.
Insight Enterprise was implemented in a few months to contribute to the financial reporting requirements that year for individual life business. The scope of the project was later extended to include the Investment and Group Business divisions that had previously been operating on an IBM data warehouse solution. The conversion of these divisions to Insight Enterprise allowed the company to carry out a full range of actuarial analysis across all product lines, as well as provide comprehensive management information.