Insurance
Regulation is an important driver for improving an insurance firm’s cash operations. Our InsureTech solutions present a new method of processing cash and automating reconciliations to help insurance companies comply.
4 Approaches to Protecting Client Money
The insurance sector adopts different approaches to protecting Client Money. We look at four primary areas:
- Risk Transfer
- Statutory Trusts
- Non-Statutory Trusts
- Hybrid Model
How Can Cashfac Help?
Our solution can help insurance companies adhere to regulation regardless of approach by providing the following:
- Account Structure - Automating Receivables
- Fully-Regulated, Full Service Bank Accounts
- Client Money Ledger/Client Account
- Client Money Compliance: Internal & External Reconciliations
- Pooling & Projecting (Forward Cash Forecasting) for Treasury Management
- Client Money General Ledger
- Reporting
- Hosted and Managed Services
