Reimagining compliance reporting for insurance

Sparkfish provides right-size technology, processes, and people to streamline P&C insurance accounting, compliance reporting, and risk assessment

Get real-time access to data

in the format you need for reporting

Increase efficiency & make better decisions

with improved data quality, accuracy

Maintain regulatory compliance

so you can focus on delighting your customers

Simple, streamlined compliance reporting for insurance carriers

Real-time access to data—from policy admin, claim, compensation, finance, ERP, vendor, and partner systems—consolidated in one place

in the format you need for compliance and actuarial reporting, cash modeling, and risk assessment

is possible with our data management solutions custom built for insurance carriers.

Where our data expertise meets your most mission-critical KPIs

We’ll help you get out of complex technology and unreliable systems and into right-size technology, processes, and people that just work.

Talk to us.

We’ll get back to you within two business days.

Authority building stats go here

“We underwrote products for around 20 different clients and had an issue with disparate reporting from each one. We needed to create a data warehouse to pull in their contract information and consolidate our reporting across all our different customers.

Sparkfish has implemented Microsoft Power BI and other tools that allow our staff to get the necessary information within seconds.

The team has automated processes and cut down our monthly and quarterly processes. We can also visualize analytics and improve our oversight from a risk perspective because we have access to data we didn’t have before or that was hard to get.”

– VP, Profit Participation, IAT Insurance Group

Insurance Solutions

Data Management & Warehousing

Compliance & Actuarial Reporting Support

Cashflow Modeling

TPA Submission Structure & Data Spec

HOW IT WORKS

Hit the ground running with a solid plan.

Here’s how our process works:

Assess & Plan

We’ll analyze your data systems inventory, understand your desired outcomes, and pinpoint the gaps. Then we’ll develop a technical roadmap to get you from where you are to where you want to be.

Build & Launch

Your team of data experts will deliver value from day one. Our focus on small implementations and continuous improvement ensures your long-term success, whatever that looks like for you.

Access & Automate

Now that you have a custom data platform with automated systems and the right technology, people, and processes in place, you can realize your data’s potential.

See our other custom data management solutions in:

Private Equity

Healthcare

Manufacturing

Case Study: Insurance

With data being consumed from hundreds of different sources, we worked with our client (an Insurance Carrier) to create a data warehouse that includes file verification and data integrity validation as part of the ETL process. These new processes have allowed users a granular view of their data, dramatically improving their reporting, reducing their risk, and increasing profits.

FAQ

Insurance Technology Services

Data Management refers to the process of organizing, storing, protecting, and maintaining the data generated and used by an organization. This includes data collection, processing, analysis, distribution, and preservation.

Data Warehousing, on the other hand, refers to the process of collecting and storing data from different sources into a centralized repository for the purpose of analysis and decision-making. A data warehouse typically contains historical data that has been cleaned, transformed, and integrated from multiple sources, and organized in a way that supports efficient querying and analysis.

Data Management and Warehousing are closely related, as data management practices are necessary to maintain the integrity and quality of data in a data warehouse. A well-designed data warehouse can provide organizations with valuable insights into their operations, customers, and markets, helping them make better-informed decisions.

Compliance and Actuarial Reporting Support refers to the services and assistance provided by professionals to ensure that a company is compliant with regulatory requirements and accounting standards related to actuarial reporting. These services are typically provided by compliance experts and actuaries, who work closely with companies to help them comply with various regulations and guidelines.

Compliance support involves ensuring that a company is following all applicable laws, regulations, and guidelines related to its business operations. This can include regulatory compliance related to data privacy, financial reporting, and other areas that are specific to the industry in which the company operates. Compliance professionals work with companies to assess their compliance risks, develop policies and procedures to mitigate those risks, and monitor compliance on an ongoing basis.

Actuarial reporting support involves ensuring that a company’s financial statements accurately reflect the value of its assets and liabilities, as well as its overall financial performance. Actuaries use statistical models and other tools to estimate future financial risks and develop strategies to manage those risks. Actuarial reporting is a critical component of financial reporting, and companies must comply with specific accounting standards related to actuarial reporting.

Together, compliance and actuarial reporting support help companies meet regulatory requirements, manage financial risks, and maintain the trust of their stakeholders.

A submission structure refers to the organization and format of a document or piece of work that is being submitted for review or evaluation. It includes the various sections, headings, and formatting requirements that are necessary to ensure that the document meets the criteria and standards set by the recipient or reviewing party.

Submission structures can vary depending on the context and purpose of the submission. 

It’s important to adhere to the submission structure provided by the reviewing party to ensure that the document is properly evaluated and considered. In some cases, failure to follow the submission structure may result in rejection or a lower evaluation score.

Cash flow modeling is a financial analysis technique that involves projecting the inflow and outflow of cash in a business over a specific period of time. This is typically done using spreadsheets or specialized financial software.

Cash flow modeling can help individuals and businesses better understand their cash flow, which is the amount of money moving in and out of their bank account over a given period of time. This includes cash received from sales, investments, and financing activities, as well as cash paid for expenses, purchases, and other costs.

By analyzing cash flow data, individuals and businesses can make informed decisions about how to manage their finances, including how to allocate resources, reduce costs, and optimize their cash flow to meet their financial goals. Cash flow modeling is particularly useful for businesses when creating budgets, forecasting future cash flows, and planning for capital expenditures or debt repayment.

Stop battling complex technology, manual processes, and unreliable systems to access your own data.

Talk to a Sparkfish data expert today, and find out how you can start accessing and using your data for accurate and on-time reporting, real-time analysis, and better decisions that improve profitability.