Dublin, 13 May 2014 – Investors Trust, a Cayman-regulated international life assurance company, which specialises in unit-linked investment products, has adopted InvestPro™ software. Under an initial 5-year license, the software will be used to manage all investment administration including daily valuations, trading, charges and corporate actions for its new portfolio bond business in Latin America, Asia and Africa. It is the first Cayman-regulated life assurance company to adopt InvestPro™.
The InvestPro™ software is developed and licensed by Dublin Company Financial Risk Solutions (FRS). The system was delivered and installed for testing 24 hours after the license agreement was concluded.
In addition to InvestPro™, Investors Trust have also licensed InvestRetail™, an FRS white-labelled web application which allows brokers and policyholders to see valuation statements, place trades, request withdrawals and manage their personal portfolios directly over the web and in real time.
Ariel Amigo, Chief Marketing Officer at Investors Trust, says, “With the launch of our new portfolio bond business, we wanted our investment administration to be as secure, efficient and scalable as possible so that we can focus on providing great products for our clients. The InvestPro™ software allows us to do exactly that, and FRS has done an excellent job in understanding our requirements and providing a system to do exactly what we need for our growing international client base.”
“Having an international life company like Investors Trust is testament to the strength of our system,” says Frank Carr, CMO at FRS. “We are pleased that InvestPro™ is the chosen solution to manage their complex investment administration requirements and assist their international growth.”
InvestPro™ is already a well-recognised system in the life assurance investment administration market in Europe. FRS’s customers are some of the biggest brands in life assurance and business process outsourcing (BPO).
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Notes to Editor
About Financial Risk Solutions (FRS)
Financial Risk Solutions Ltd (FRS) is a leading provider of unit pricing and investment administration software specifically designed for the Life Assurance industry. It was founded in 1999 by actuaries and IT specialists and is one of the leading software providers in its sector.
Its Invest|Pro™ product suite is a recognised leading benchmark in the life assurance investment administration market and clients are some of the biggest brands in Life Assurance and Third Party Administration including Accenture Insurance Services, MetLife, and IFDS.
Invest|Pro™ is a modular software system for investment administration that can manage unit pricing and portfolio valuations, asset/liability unit matching, box management, trade order management, investment accounting, financial reporting and compliance with investment mandates in a single application. Product types covered include unit-linked funds, portfolio bonds, self-invested/directed pensions, shareholder funds and with-profit funds.
For more information visit http://www.frsltd.com