In an environment of low investment returns, increased operational complexity, rising costs and regulatory reform, there are a number of challenges facing insurance companies. As a result, insurers are reviewing their operational infrastructure to reduce risk, increase cost efficiencies and ensure timely data and reporting required to manage their business and meet regulatory requirements.
With over $2.6 trillion assets in custody for over 300 insurance clients, J.P. Morgan provides core custody, cash management, foreign exchange and securities lending and performance measurement services, along with a comprehensive and flexible insurance accounting service with functionality including:
- Multiple accounting views
- Daily NAV for unit-linked funds
- Flexible general ledger reporting
- Solvency II asset reporting
- ‘Look through’ to constituents of summary data
- Browser based portal and iPad application
- High level of customisation of data
Additionally, insurers are facing increased cost and operational complexity of clearing and margining OTC derivative contracts. We provide an integrated derivatives servicing solution to help meet the clearing requirements of EMIR and provide efficiencies in the management of collateral.
- Independent valuation of derivatives
- OTC / and ETD Clearing
- Collateral Management
By partnering with J.P. Morgan, you will benefit from a proven track record in the provision of services to the insurance industry, a dedicated insurance relationship manager and access to the capabilities of the wider franchise.