Many insurers still rely on fragmented spreadsheets and disconnected systems to reconcile underwriting, actuarial, and finance data before producing regulatory and statutory reports. This is a challenge that Phinsys seeks to address with a purpose-built finance data automation platform designed for re/insurers.

It is also what sets them apart, bringing the firm the award this year for Data solution of the year.

The company has seen rapid progress. Over the past 18 months, implementations including Geneva Re and Mereo Insurance. As of 2026, the firm is serving more than 30 insurers around the world.

Its entry highlighted several impressive achievements. For insurers that adopted its platform, Phinsys said there were 0% penalties for late or incorrect regulatory reporting, while financial close cycles were reduced by up to 10 days through automated reconciliation and integrated data workflows.

It said that reporting timelines had been reduced by 75% for outputs including Lloyd's MDC returns, Solvency II Pillar 3 reporting, and IFRS or UK/US GAAP figures. The company also reported a reduction of up to 85% in the effort required to run regulatory reporting after the close of statutory books.

The judges were particularly impressed by the provision of specific, named client examples and highly credible, quantified efficiency metrics, such as the reduction in reporting timelines.