NFU Mutual live with Invest|Pro™ from FRS in the cloud.
Dublin, Ireland – 25th April 2023
Financial Risk Solutions (FRS) is pleased to announce the launch of the award-winning Invest|Pro™ software for NFU Mutual. Invest|Pro™ was selected following a competitive tendering process to support their approx. GBP 6 billion unitised life insurance business and went live in early 2022.
NFU Mutual required a dedicated system to replace their in-house proprietary systems to support the investment administration, unit pricing, tax, cash allocation, rebalancing, and oversight of unit-linked funds for their life insurance book of business.
The move to Invest|Pro’s™ highly automated, exception-based processing allows the team to spend more time on value-add tasks while minimizing operational risk.
NFU Mutual is also using FRS’ continuous deployment, so they are safe in the knowledge that they have a future-proofed Investment operations system, both from a technology perspective and the ease of launching new funds as the demands of the business change.
Helen Jones, Commercial Actuary (Financial Services) of NFU Mutual, said:
“The Invest|Pro™ platform implementation and launch was extremely efficient. The FRS team worked closely with us in guiding a smooth transition, and their industry expertise was strongly appreciated during the implementation process. We are benefiting from the efficiencies that Invest|Pro™ is providing to us daily”.
Frank Carr, CMO at FRS, commented:
We welcome the NFU Mutual team to our growing Invest|Pro™ client base and we truly enjoyed this project. FRS are honored to partner with NFU Mutual as their software provider to support their unit linked investment growth plans”.