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Meets the Needs of the Insurance Industry

IRAS is a bespoke investment reporting and accounting software package which has been developed specifically for the insurance market. IRAS is suitable for:

  • Lloyd’s Managing Agents & Syndicates 
  • (Re)Insurance Companies 
  • Financial Mutuals 
  • Captives

Compliance with Regulatory Requirements

IRAS has been used by insurance companies since 1983. IRAS conforms to UK regulatory and statutory reporting requirements for the insurance industry. Built-in and custom reports include quarterly and annual investment monitoring regulatory reporting, for example, the QMA/QMC/QAD/AAD, LDTF tax return and US reporting. Recent developments mean the software now delivers Solvency II compliant reporting; allowing insurers to use the IRAS reporting tools to prepare their SII (QMC & QAD) submissions.

Efficient and Time-Saving Processes

The IRAS software has created a multitude of efficiencies for its clients including: 

  • Flexible automated data import/export capability
  • Feeds to other systems, for example, General Ledgers, Internal Models.
  • Supports a multiple security ID system, including ISIN, Cusip, etc.
  • Risk classifications at asset and portfolio levels, incorporating Solvency II.
  • Pre-loaded with security templates.
  • Reporting using multiple prices.
  • Automated reconciliation of holdings and cashbook, coupons, etc.
  • Numerous levels of reporting to satisfy all user requirements.

Flexible and Adaptable Reporting

The software is aimed to provide different users within the same firm with specific solutions for their accounting and reporting needs. Multiple reporting methods are available including:

  • UK GAAP, US GAAP, IFRS etc.
  • Valuations
  • Risk Analysis
  • Performance Measurement
  • Investment Ledgers
  • Trial Balance
  • Credit Rating History
  • Reconciliations

The software also caters for multi-currency and the following asset types::

  • Bonds
  • Equities
  • Mutual Funds
  • Derivatives
  • Foreign Exchange

Consistent and Audit-Ready Reports

Built-in IRAS reports are produced using Crystal Reports, or in a PDF, MS Excel or MS Word format. IRAS has a full reconciliation process:

  • Full Valuation (incl. FIFO, Average Cost, Original Cost and Revalued Cost)
  • Manager/Custodian Holdings
  • Cashbook
  • Transactions
  • Coupons
  • Cash Control

Bespoke Reports using the IRAS Reporting Toolkit

The IRAS Reporting Toolkit allows clients to build powerful, secure custom reports using Microsoft Excel, including solutions for:

  • Management Information
  • Performance Measurement
  • Regulatory reporting, including Solvency II
  • Investment Information Dashboards
  • General Ledger export/import
  • Feeds to other systems, incl. Internal Models
  • Compliance Monitoring

Automated reporting using the IRAS Reporting Toolkit can significantly reduce your reporting times. Eliminating the need to manually manipulate data will greatly reduce the risk of spreadsheet errors, making audit checks simpler.

The Reporting Toolkit will provide anyone in your business timely access to IRAS investment data and reports, as they require it. Live dashboards are easily created and may be shared across the organisation.

With extensive library functions and data query tools available clients can easily build complex reports from scratch, to their exact requirements. Clients can also download templates from the IRAS portal, including part or full solutions for Solvency II, Management Information, Performance, Regulatory reports including monitoring reports QMA/QMA/QAD/AAD, and many others. CAMRADATA will continually add templates responding to common user requests or to support new regulatory requirements.


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