Insurance

Solving various problems in the field of insurance with the best cloud cloud solutions

Financial accounting standards that support the needs and complexity of the insurance industry

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Challenges

Claims Processing Efficiency

Streamlining the often complex and time-consuming claims process

Legacy System Modernization

Upgrading outdated IT systems to meet modern demands

Regulatory Compliance

Staying compliant with complex insurance regulations

Solutions

Claims Processing Efficiency

Cloud Solution from Eranyacloud can help insurance company to implement digital claims submission and processing platforms. Incorporate AI for automated claims assessment and fraud detection. In addition, by using blockchain for transparent and secure claims verification

Legacy System Modernization

We can support to adopt cloud-based solutions for flexibility and scalability by implementing APIs to enable seamless integration with third-party services and gradually migrate data & functionalities to modern platforms

Regulatory Compliance

Eranyacloud can support insurance companies in the adoption of IFRS-17 (International Financial Reporting Standard 17) complexity and may require changes to systems, processes, and data management within insurance companies. In collaboration with SAS Institute, Eranyacloud delivers cost-effective platform infrastructure and support for planning and execute their transition to IFRS-17, which typically involves considerations related to data collection, valuation methods, contract modifications, and systems integration

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