Addressing the Unique Regulatory and Investment Reporting Needs of the Insurance Industry
Madison Scottsdale’s Insurance Analytics solution delivers daily, web based, consolidated, investment portfolio reporting technology and service specifically designed to address the unique regulatory and reporting needs of the insurance industry.
- Single consolidated view of all investment assets
- Drill-down functionality to tax lot level
- Custom date ranges, portfolio views, entitlements, and benchmarks
- Intuitive interface
- SOC1 Type II audit report (for the Analytics program itself)
Regardless of the number of legal entities, portfolios, investment managers or custody banks, Madison Scottsdale aggregates, independently verifies and confirms investment information daily; and delivers transparent, integrated and actionable accounting, compliance, risk and performance reporting and analytics.
Madison Scottsdale’s Insurance Analytics solution is built on tax lot level information and provides views at the portfolio and aggregate levels with drill-down functionality. Madison Scottsdale answers many of the challenges facing insurance investors by automating manual processes, aggregating multiple data sources, minimizing Sarbanes-Oxley control issues, implementing consistent accounting assumptions, tracking and measuring risk.
Madison Scottsdale Insurance Analytics provides full statutory based reporting for Life, Health, and Property Casualty insurance companies. As an authorized Third Party Administrator from the NAIC, Madison Scottsdale links directly to the Security Valuation Office to get the most up-to-date pricing and designations for each investment portfolio each period. The following reports are provided on an automated basis and require no manual work by our clients.
Quarterly Reports Annual Reports
|Schedule D Verification||Exhibit of Net Investment Income|
|Schedule D – Part 1B||Exhibit of Capital Gains and Losses|
|Schedule DA – Part 1 and 2||Summary of Investment Schedule|
|Schedule D – Parts 1-5||Schedule D – Verification between Years|
|Schedule E – Part 2||Schedule D – Summary by Country|
|Schedule D – Part 1A – Section 1 and 2|
|Schedule D – Part 2 Verification between Years|
|Schedule DA – Part 1|
|Schedule E – Part 2|
Madison Scottsdale Insurance Analytics provides these reports each quarter as a text file in the NAIC uniform format making it simple to import data into any NAIC approved annual report software package:
- Detailed financial statements
- Flexible client-defined accounting assumptions
- Independent, verifiable calculations
- Month-end reports available the 1stbusiness day after period end
- FAS 115 impairment support
- FAS 157 support
- Footnote disclosure
- Automated general ledger uploads
- Cash flow forecast