The move comes as insurers face mounting pressure from rising transaction volumes, data quality challenges, and increasingly complex regulations such as IFRS 17 and DORA.
These factors are exposing operational inefficiencies and compliance risks, making advanced data tools essential to future-proof operations.
Smartstream, known for delivering cutting-edge solutions to the world’s top financial institutions, offers a wide range of services focused on automating and optimising post-trade operations.
The company specialises in delivering intelligent, scalable platforms that enhance data quality, reduce operational costs, and support regulatory compliance.
Smartstream Air is designed to reconcile and manage large volumes of data, including those from payments, reimbursements, claims, policyholder transactions, and investment operations.
With its AI-driven engine, the platform can identify and resolve data discrepancies in seconds—regardless of format or source—providing insurers with rapid, accurate insights.
Deployed as a SaaS solution, Smartstream Air is flexible and highly configurable for insurance-specific use cases.
These include premium collection and processing, commission payments, claims management, financial reporting, reinsurance settlements, policyholder refunds, investment account reconciliation, data validation, risk and reserve management, expense tracking, and fraud detection.
