Phinsys and Dynamo partner to help insurers streamline finance & actuarial operations

Phinsys, a finance automation software provider for the insurance and reinsurance industry, has entered into a strategic partnership with Dynamo Analytics, a consultancy and software provider, to integrate finance and actuarial processes for insurance carriers.

The two companies are now working together on technical integrations to share their platforms.

With the combination of the Phinsys’ automated finance, accounting, and regulatory processes, and Dynamo’s Psicle actuarial modelling platform, the firms aim to help insurers accelerate reporting, improve governance, and get better insight into their business performance.

Lance Hazel-Randles, Head of Commercial Operations at Dynamo, said: “We’re excited to formalise our collaboration with the team at Phinsys. By integrating actuarial and finance processes, we can help insurers quickly create and implement more efficient workflows and deliver greater insight to their businesses.

“We’re looking forward to bringing together our powerful platforms for the benefit of even more insurers as we scale our businesses.”

Stuart Conibear, Chief Commercial Officer at Phinsys, added: “This partnership is already creating value for shared clients such as Ariel Re. Linking Psicle with the Phinsys platform enables insurers to break down silos, automate core processes, and gain a clearer, real-time view of performance.”