A holding in several countries
A group of companies runs subsidiary insurers in different countries on one product version.
Situation
A holding owns insurers in Kazakhstan and Uzbekistan. Each company has its own regulator, language and statutory deadlines, and the parent company needs a consolidated picture.
How it works in the system
- 01Each subsidiary insurer gets a separate database with migrations and the reference data of its country
- 02The insurer’s data is stored in the region of its country, and a node in another region does not serve its requests
- 03Settlement deadlines, the cooling-off period, the limitation period and AML thresholds come from the country profile
- 04Each company has its own account credentials for registries and the regulator and its own signing certificate
- 05The parent company sees a holding consolidation across all subsidiary insurers
Result
Group companies work on one version of the system but under the rules of their own country. The holding gets consolidated figures without collecting reports by hand.
Features in this use case
Group of companiesEnterprise plan.
Regulatory reportingAll plans. Basic reporting in Starter.
AML and complianceAll plans.
Shall we show the system on your products?
We will build your product in the builder, take a policy from quote to claim and estimate the implementation cost for your lines of business and countries.