RLI, a US-based specialty insurance company, is migrating its outsourced investment operations and accounting processes from SS&C’s CAMRA platform to Singularity.
Powered by innovative technologies, including machine learning, predictive analytics and robotics, Singularity will increase automation, productivity and data accessibility for RLI as it continues to scale its investment business.
“Technology is rapidly disrupting the insurance industry and SS&C is helping drive this transformation,” says Aaron Deifenthaler, RLI’s Chief Investment Officer. “Singularity gives us powerful machine learning capabilities and actionable online monitors to enable ad hoc queries, flexible reporting and in-depth analytics, as well as the ability to streamline labor-intensive tasks such as reconciliations and break resolution.”
“As a functionally rich middle and back-office system with embedded innovative technologies, Singularity delivers compelling value for both existing and prospective SS&C clients,” says Marc Zimmerman, Senior Vice President, SS&C. “By partnering with SS&C, RLI will be able to harness the power of artificial intelligence, advanced analytics and robotics to strengthen performance around its investment operations and accounting activities.”
As the industry’s first “smart” investment operations and accounting solution – one that actually learns from user behaviour – Singularity stands alone in its ability to efficiently support a broad array of asset types, currencies and business functions on one system.
