Capita named as finalist in the 2016 Life Insurance International Innovation Awards

04 October 2016

We are delighted to have been named as a finalist in the Life International Innovation Awards and are feeling excited at the chance of being named the Most Innovative Actuarial/Risk Consultancy Provider of the Year. http://bit.ly/2cGRiBg

The award entry relates to how we helped our client automate complex and critical business processes using a cloud solution as a more cost effective solution for the administration of their unit-linked business.

In seeking an outsource partner Hawthorn Life were looking for someone who had both the experience of implementing cost effective technological solutions but also with the right actuarial expertise to understand their business and the calibre of resource to be able to administer the business going forward. Our proposed solution was to partner with software provider Financial Risk Solutions (FRS) and to migrate the entire book of business and all historic records over to FRS’ Invest|Pro™. The project was delivered on time (5 months) and on budget with the outcome streamlined business workflows which met Hawthorn Life’s requirements of reducing operational risks.

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