Market Data Analysis and Implementation of Savings, Compliance and Governance Framework for a Large Insurance Group

Challenge

The client, a large Swiss insurance group, wanted to align the operating model across all business units for the entire group — including market data consumption. All market data consuming systems across the organisation needed to be reviewed, spanning client reporting, investment management, research, trading, treasury and insurance.

Approach

• Reviewed and mapped the vendor landscape across all business units spanning the entire scope of financial services
• Documented use cases, questioned relevance, and checked contracts for coverage of necessary use cases
• Built an inventory spanning every data provider across the group and their connection to systems and processes
• Shaped proposals for the target market data operating model around cost efficiency and ease-of-maintenance

Outcomes and recommendations

• Solution paths identified to reduce total market data spend across the group
• Solution paths for multiple compliance breaches with varying degrees of severity
• Centralised repository of all use cases and connected market data contracts across the organisation
• Governance framework established to limit future compliance breach risk and grow internal market data capabilities