Known as Eagle Star for Insurance, the company said the new product provides accounting capabilities and investment instrument coverage in an effort to improve the efficiency of accounting and overall investment operations at insurance companies.
The product is also designed to allow firms to implement new accounting standards demanded by the market, and supports statutory, GAAP and tax accounting requirements for life, property & casualty, health, fraternal and separate account portfolios.
Eagle’s web-based insurance accounting system offers modern functionality to meet its compliance needs and provides tremendous efficiencies that aren’t supported by the older, legacy systems currently in use at many insurance companies, said David Palten, Eagle president.
