When every department keeps its own version of treaty terms, small disagreements turn into real financial and legal risk. Here's how to build one source of truth.
Reporting cycles that take weeks instead of days can be compressed to days without compromising accuracy, by removing manual steps instead of removing controls.
Even after a reinsurer adopts a proper system of record, shadow spreadsheets quietly creep back in. Here's why that happens, and how to stop it.
Shadow spreadsheets replacing the system of record don't just create confusion, they distort the numbers capital allocation decisions actually depend on.
Retiring shadow spreadsheets that replaced the system of record works only if the business keeps running smoothly through the transition.
Boards should know exactly what breaks first if shadow spreadsheets keep quietly replacing the reinsurance system of record.
Deciding who owns the problem when shadow spreadsheets replace the system of record is an executive decision, not a technical footnote.
When shadow spreadsheets start replacing the system of record, reinsurers lose control of their own data without ever making that decision on purpose.