Business Challenge story
How could insurance firm Westpac Life-NZ-Limited (“Westpac Life”) gain faster, deeper insight into its business, while keeping pace with stricter, ever-evolving regulatory requirements?
The insurer replaced its legacy actuarial valuation system with a highly flexible, adaptable and easy-to-use IBM® Algo Financial Modeler® solution.
The solution will help Westpac Life adapt more easily to the accelerating pace of new regulations, and enable ‘what-ifs’ and trend analysis that will support better strategic decision-making for the business.
- Algo Financial Modeler
- FSS: Insurance - Core Insurance - Life
- FSS: Insurance - Front Office - Data & Analytics
- FSS: Insurance - Risk and Compliance