insurance risk management

Why Firms Should Implement Insurance Risk Management

For insurance risk management, implement the standard model approach for calculating risk-based capital with a comprehensive solution for performing risk analysis and risk-based capital calculations. Insurance risk management is built on a robust data management and reporting platform that includes an insurance-specific data model for complex risk analysis. Every firm or business should implement their own favorable insurance risk management systems. Below are some of the most significant benefits that such a system can give you.

  • Comply with Solvency II regulations. With an insurance risk management system, you can calculate standard model MCR and SCR requirements, and create regulatory and management reports required for Solvency II using a single solution that is both flexible and extendible to meet your evolving risk analysis needs.
  • Gain greater competitive advantage. Employing insurance risk management allows for better allocation of risk-based capital charges so you can lower your premium rates. By optimizing your investment strategies, you can improve the performance of your investments. You can also reallocate capital and risk capacity as needed to take advantage of current and future business opportunities.
  • Reduce volatility. With an insurance risk management system, you can improve risk decision strategies by gaining a greater understanding of how economic factors affect your balance sheet. You can ensure solvency by stress testing your assets and liabilities against sudden and/or dramatic changes in market conditions.
  • Perform more accurate risk analysis. With an insurance risk management system, you can reduce and even eliminate data inconsistencies with comprehensive data management capabilities that improve the quality of your data. An insurance-specific data model serves as a single source of information. And pre-built data management capabilities allow the loading of data from the data model to the risk solutions.

If you are considering an insurance risk management solution, make sure that you invest in one that comes from a reputable provider.

asset management system

Control Your IT Assets with an Asset Management System

Getting a clear view of the hardware and software assets managed by your company will give you an understanding of the value and impact of the investments you have made throughout their lifecycle. Across today’s range of asset management systems, you can extend the value of your IT asset data even further with seamless integration into other asset management systems like problem management, incident management and software asset management. Integrate with a full range of IT asset management systems. You can pick a level of capability that meets the requirements of your company, form a simple asset management system to a full asset lifecycle management.

Full Lifecycle IT Asset Management

Get visibility and control over the complete lifecycle of your IT assets from purchase to retirement. With a full cycle IT asset management system, you can build powerful financial models and enjoy full integration with tools and processes that support workflows for change, problem, incident and configuration management.

Software Asset Management, Discovery and Control

Get an accurate view with the automated selection of IT asset data for software asset management and IT asset management. With an asset management system, you can track your assets and automatically control their configuration throughout the deployment lifecycle. Ensure asset stability and integrity with remote control for client devices.

IT Asset Inventory

Keep track with an inventory of IT assets and the relationships between them. This way, you are able to make better decisions with asset management systems by ensuring asset and configuration data are visible across key service desk processes.

When buying asset management systems, make sure that you get the one with features that best suits the needs of your company. Talk to a store or company representative to help you choose the right asset management solution fit to the specific processes of your organization.

investment portfolio management software

Avail of Investment Portfolio Management Software for Free

If you want to be a successful investor or trader, you can take advantage of free investment portfolio management software. These tools allow you to monitor your portfolio, showing you the stocks that you have bought and help you track your dividend and capital gains. Many of these programs also allow you to trade.

Personal Stock Streamer

Personal Stock Streamer is a free investment portfolio management software that enables to you to keep track of all your stock watch lists and investment accounts. You can manage your dividends, dividend investments and capital gains. It allows you to monitor multiple trading accounts at the same time. This investment portfolio management software allows you to execute trades. However, your brokerage firm should support the software. It will confirm that your trade transactions took place. Personal Stock Streamer archives all of your transactions. You can analyze them and create reports.

PortfolioXL

PortfolioXL is a plug-in for Microsoft Excel. A plug-in is an additional application that is installed and used through a web browser. This investment portfolio management software allows you to keep track of your portfolio. You can manage securities, like index and mutual funds and stock. It uses Yahoo! Finance to download the quotes. The investment portfolio management software allows you to use one workbook to track multiple portfolios. It also automatically produces a history of all your transactions so that you can refer to them at a later time.

World Stock Charts

World Stock Charts can track securities from 27 countries. This investment portfolio management software supports 49 stock exchanges. You can use the Accounts Manager and unlimited watch lists tools to track your long and short term positions. One of the tools that this investment portfolio management software provides is called Pocket Charts. You can use your PocketPC to download stock or index data from the internet. Then, you can access interactive charts on your personal digital assistant.

fund manager software

Top 4 Home Fund Manager Software

Keeping a home budget is an effective way of managing your money. This can even result in savings over time. While you can use a ledger book to do this, home fund manager software packages can make it easier and less time consuming for you. Plus, they can help reduce mistakes that can cause you to go over budget.

Quicken Starter Edition

One of the leading financial programs available, Quicken software is by Intuit, and offer fund manager software for a variety of needs. The started edition includes banking and bill reporting, tax options and the ability to categorize and track spending. You can also use this fund manager software to connect with credit unions and banks. Quicken also offers the ability to encrypt and archive your records for safekeeping.

Simple Home Money Management

Simple Home Money Management software is a highly rated finance software aimed at the needs of the home user. It features a range of bill and banking management features, investment managing and cash flow reports and home budget analysis. The downside is that the fund manager software lacks some of the important export abilities, like Excel and Quicken formats.

PiggyBob Premium

This fund manager software offers users on a strict budget the key features needed for home budget managing. What’s great about the PiggyBob Premium is that it does not have the advanced features many home users might not need.

Duck Budget Tracker

The free Duck Budget Tracker software might lack some of the more sophisticated features of paid fund manager software, it is a solution for those who cannot fit home fund manager software into their home budget. It lets you place your monthly bills into pre-set categories and define your monthly expenditures. This software lets you track expenses with running averages, allowing you to see how you spend your money over time.

Iceland travel

Business trips to Iceland?

I’ve heard a couple of times that people in my network go on business trips, but now I’m starting to see a new trend amongst these trips. It seems like my network not only wants to do business on these trips. They also want to please their sore eyes with beautiful sceneries and extraordinary nature. They have replaced the sunny weather and drinks by the pool with other pleasures.

Funny enough have a few of these people visited the same place during the last year. They have made business trips to Iceland. I know that Iceland travel arranges a great range of trips to Iceland, and I went to their site to read a little about these trips. Going on a business trip to Iceland you’ll experience geysers, The Blue Lagoon and the great capital of Reykjavik. I know this – not because I’ve had the pleasure of travelling to Iceland myself – but because my sister in law has travelled to Iceland with Iceland Travel a couple of times. When she returns from her business trips on Iceland with the memory card from the camera filled with pictures, she is always more than willing to show me all of the spectacular things she has experienced.

After seeing her stunning pictures, I get why Iceland is so attractive for business trips. The spectacular scenery must bring spectacular ideas.

portfolio accounting

The Purpose of Portfolio Accounting

Dealing with validations, financial business dealing with confidentiality and privacy encloses the primary role of portfolio accounting. Portfolio accounting is also very important when it comes to dealing with derivative. Thus, it is much concerned with financial instruments—interest, returns, dividends, payments and other corporate matters. It initiates the urge to look for a substitute to create a change of way on how to achieve the goals at hand.

 

Portfolio accounting is conventionally associated with financial strategies. You then manage the risk and return in the portfolio by adjusting the combination and value of investments, since it is given that all of them will ascend or drop to same degree at the same time. It is all about strengths, weaknesses, opportunities and threats in the choice of debt vs. equity, domestic vs. international, growth vs. safety, and many other encountered in the effort to maximize return at a given appetite for risk.

 

The purpose of portfolio accounting is simply to help you track positions, cash flows and statement of assets for compliance and performance analysis. An experienced expert on this matter would give you the best recommendation on this.

A smart investor does hands-on manages to his portfolio. Yet most businesses lack the information to effectively manage their investments in strategic initiatives—the data is buried in organizational silos. With an effective portfolio accounting, your executives and PMOs have a dashboard view into your portfolio, demand, in-flight projects, and programs across the organization enabling smart portfolio investment decisions.

 

It is reported that the use of portfolio accounting software increases performance. It has an accretive way of reporting data and capability to ensure security of transactions. It is designed as a comprehensive money management tool. Therefore, portfolio accounting software is proficient in handling investment accounts as well as all variety of banking accounts.

 

It integrates and unifies the activities that manage investment prioritization and project execution within the organization – application portfolio, demand, financial, time, resource planning, resource capacity, project, program, and portfolio management. Portfolio management solution usually uses program software that provides real-time visibility into all your investments at all times, and from multiple perspectives that will benefit your business with all its critical processes.

 

software-asset-management-compliance

The Advantage of Taking Collateral

Collateral management is a way of allowing, verifying and providing on collateral transactions. When collateral management started, assets, properties and funds are taken as the collateral against credit exposure. The collateral serves as protection to a lender against a borrower’s failure to payback a loan. If the debtor is unable or unwilling to pay his/her loan, the borrower has to give up the property pledged as collateral –and the lender will own the collateral.

This lending agreement has been used for centuries to provide security against possible default payments by a rival party in business. The main reason of taking collateral is to reduce the risk especially when a debtor defaults his/her payment, the currency crisis and the failure of key hedge funds. However, there are many other motivations why parties take collateral from each other.

The responsibility of the Collateral Management department is a large and complex task. Daily actions include:

  • Managing Collateral Movements: to record details collateralized relationship in the collateral management system, to monitor customer contact and received collateral, to call for margin as required, to transfer collateral to its counterparty, to check collateral to be received for the eligibility, to reuse collateral, to deal with disagreements and disputes over exposure calculations and collateral valuations, to reconcile portfolio of transactions.
  • Custody, Clearing and Settlement
  • Valuations: to evaluate all securities and cash position held and posted as collateral.
  • Margin Calls: to alert, track, and resolved margin calls.
  • Substitution: to deal with requests in both ways for collateral substitutions.
  • Processing: for payments and receipt monitoring.

Collateral management system then plays its role as giving efficient security to asset pools and leverage as well as keep managing things on its track. Its main purpose and standpoint is to accommodate the needs of the clients at all times.

Implementing collateral management system will benefit you from the following:

  • Stronger risk management
  • Cost efficiency
  • Less regulatory capital
  • Asset changes monitoring
  • Increase range in counterparties
  • Proper task deployment/assignment
  • Improve and expand the range of collateral taken and given from you

 

It is evident in the industry of collateral management, the risk of building trust between the borrower and the lender. Giving importance on security, relying on the collateral management system will put an ease to your worries.

insurance risk management

Obtaining your Goals through Asset Manager

Asset manager software is considered as the framework of every business venture. It gives you a complete, fast and cost-effective solution for effectively managing of assets. Some consider it as their primary support to sustain and continuously deliver good and quality portfolio to attract investors to their company. A good asset manager generates a good performance that is the basis to every business’ success. The existence of asset manager software drives maximum growth of the company and lead to optimum change and empowerment of the portfolio itself.

 

The asset manager software provides a comprehensive, easy-to-interpret reports and record analysis which break down those portfolio risks and return of investments. Portfolios are important in the field of business. It will execute the progress of a company. Not only that, it gives room for ideal investors that might be the key to the accomplishment of all your endeavors. You also got to receive an affordable and user-friendly way to conduct a more intense risk assessment of other portfolios in different markets.

 

A good portfolio will be the basis for possible business ventures. Giving emphasis on the portfolio, most businessmen tend to seek possible solutions and ways on producing a good portfolio. Along the way you will discover every track that this tool will let you pass and you will then discover that with the help of this tool, obtaining your goal of acquiring a good portfolio for your establishment is now under your control.

 

The asset manager software also features some strategies that you may use in a variety of clients and business proposals. In that way, a lot of options will be available for you to choose. On the client’s side, providing options implies a well established support. Hence, generates positive outcome. Strategies and options will enable you to get control of everything. Thus, it gives more value to your asset management infrastructure. With the use of asset manager software, you can identify and obtain data records accurately, combine inventories and data consumption to ensure a well established support to your establishment. Although, it can be very critical at first, being well versed on the tool can result to realizing your goals and promoting financial stability on your company.

 

investment accounting

The Most Common Processes Used in Investment Accounting

Companies can invest in either equity or debt. Equity is an ownership interest in another company, while debt is when the company allows another entity to borrow money and pay the money back with interest. For investment accounting, an accountant should first classify the security and use the accounting methods for the classification to ensure proper investment accounting.

An investment can have three possible classifications: trading, held to maturity securities and available for sale. Trading securities are investment bought for the mere purpose of selling the investment in the future. Held to maturity securities are debt investments that the company intends to hold onto until it matures. Available for sale securities are any security not fitting into the classification of teasing and held to maturity.

To ensure proper investment accounting, proper record investments should be observed. An accountant record held to maturity investments at the authorized cost. Trading and available for sale securities are valued at the current market value and are adjusted at the end of every period to the current market value.

Trading Securities Gain or Loss. Every period of investment accounting are revalued to their current market value. Any changes in value create an unrealized loss or gain. To record the change, credit “Value of Trading Security” and debit “Unrealized Loss” if there is a loss in the investment. If there is a gain in the investment, credit “Unrealized Gain” and debit “value of trading security.” The gain or less will go to the company’s investment accounting income statement. This is an operating cash flow on the cash flow statement.

Available for Sale Securities Gain or Loss. Every period of investment accounting are revalued to their current market value. Any changes in value create an unrealized loss or gain. To record the change, credit “Value of Available for Sale Security” and debit “Unrealized Loss” if there is a loss in the investment. If there is a gain in the investment, credit “Unrealized Gain” and debit “Value of Available for Sale Security.” The gain or less will go to the company’s investment accounting Other Comprehensive Income Statement. This is an investing cash flow on the cash flow statement.

Held to Maturity Securities Gain or Loss. Held to maturity securities does not report any unrealized loss or gain. This investment accounting is an investing cash flow in the cash flow statement.

portfolio

Outperform the competition

Several factors may affect how the business outperforms their competition. There are various ways in which a business owner can manage to be on top and remain there. A variety of solutions help businesses achieve their goals but it is not an overnight process though. Businesses look into portfolio management solution as a guarantee that the different goals in both finance and operations are met and carried out properly. This step will make sure that the business is able to sustain as well the goals they set for a long period of time.

 

Having a portfolio management solution will surely be beneficial for businesses. A simple checklist is provided as guide for businesses so they can determine the right or even the best portfolio management solution for them. This list may be helpful or may provide some additional information so that businesses can get the most out of these solutions.

 

Making the right choice

With the readily available portfolio management solution these days, the business owners or the portfolio manager’s job is still not that easy since the right choice has to be made on which of these solutions meet the standards and needs of the business.

 

Some businesses do extensive research first before they reach a decision. The ultimate goal of this portfolio management solution is to make sure that the business’ motive of attaining financial and operational success is achieved.

 

Processing investments

Access to reports generated by the portfolio management solution will be very useful in investment processing. This solution can be customized in a way that the reports are generated for monitoring purposes. Investment processing may also be integrated into an existing business process so that there is a comprehensive analysis of such information or report.

 

Photo credit: worldretailers.com