Insurers are witnessing unprecedented change in their financial reporting requirements and many of these changes are meant to increase transparency, ensure comparability, and better reflect the economics of an insurer’s transactions. There is no question that they will benefit the industry in the long term. However, staying ahead in a rapidly changing industry is not easy for any business—and the adage that “with challenges come opportunities” has never been truer.
In this article, Eve Pastor, a director in the Risk and Accounting Solutions team at Moody’s Analytics, talks about how insurers need to make strategic investments in infrastructure to stay ahead and how cloud technology will enable change across the industry.
Read “How Tech Is Transforming Insurers’ Financial Reporting” to learn more.