American Family Insurance Selects Eagle’s Data Management and Performance Solutions

The combined solution will provide a centralized platform that integrates, stores and enriches investment data from various systems and external sources to drive efficiency and supports enhanced decision-making.

(Madison, Wisc., home of American Family Insurance. Source: University of Wisconsin—Madison.)

American Family Insurance (Madison, Wisc.) has selected Eagle Investment Systems LLC (Boston) to provide data management and performance solution to support what the vendor calls a front- and middle-office assets management transformation initiative. The solution will provide a centralized platform that integrates, stores and enriches investment data from various systems and external sources, resulting in the efficiencies throughout the carrier’s operations, and supporting enhanced decision-making in the front office, according to the vendor.

The insurer sought a comprehensive technology solution that combined data centricity with an open and scalable architecture, according to the vendor. The Eagle Data Management accommodates a complex book of assets and operates seamlessly with various other third-party platforms, the vendor says. The Eagle Performance solution, provides aggregated performance calculations and views to help inform investment decisions and aid investment reporting. The latter solution is deployed over Eagle ACCESSSM, Eagle’s secure private cloud.

America’s 13th Largest P&C Insurance Group

American Family Insurance is the 13th-largest property/casualty insurance group in the United States and has assets of $21.5 billion. Beyond equities and fixed income, the company manages assets ranging from private equity and private real estate to mortgage-backed securities and collateralized loan obligation vehicles, among other structured products.

Eagle provides solutions are designed to help institutions worldwide grow assets efficiently with its portfolio management suite of data management, investment accounting and performance measurement solutions that are delivered over its secure private cloud. Eagle’s solutions and services aim to create operational efficiencies and help reduce complexity and risk. Eagle is a BNY Mellon (New York) company.

Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at [email protected] or (503) 936-2803.

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