Northern Trust has launched a cloud-based reporting application for its insurance investment accounting and analytics services solution for U.S. insurance companies. The platform incorporates Northern Trust’s interactive digital interface with the SAP Financial Asset Management (FAM) system to provide an end-to-end solution covering all asset classes. The solution allows insurance companies to:
- Identify trends, risks and opportunities through the ability to view and analyze underlying data;
- Interrogate data more quickly and finely by drilling down into detailed views;
- Assess the impact of portfolio changes via intuitive user dashboards and detailed data analysis;
- Access summary reports including underlying investments, visual change analysis and multiple accounting basis views, including U.S. Statutory, GAAP and Tax.