Reitigh Software wins end-user computing (EUC) risk management solution of the year for its IntegraLynx platform that significantly reduces operational risk across critical processes, such as Solvency II regulatory reporting and IFRS 17 data preparation.
IntegraLynx is a low-code framework that enables non-technical business users to develop automated processes to control how data flows through their organisations.
The fact that IntegraLynx is used by major insurers – including Axa, Zurich, Prudential and Utmost – to replace Excel and Python-based EUC processes was commended by the judging panel.
Reitigh also clearly explained how the IntegraLynx platform has delivered measurable operational resilience and efficiency gains for re/insurance players.
For example, in the case of a life insurance consolidator client that relied on manual Excel spreadsheets, Reitigh replaced the manual workflow with a fully automated and governed process using IntegraLynx.
This enabled the life insurance consolidator to enhance its policyholder experience and deliver a robust and scalable solution to support cross-jurisdictional compliance.
Asked about the data challenges facing Reitigh Software's insurance clients, the technology firm's chief executive Brian Walsh says one of the biggest emerging risks in EUC for insurers is the "increasing, often uncontrolled, use of Python and other scripting languages by actuaries and finance teams".
Walsh comments: "While Excel has long been seen as the primary EUC risk due to its lack of formal controls, Python introduces an even greater challenge if not properly governed. Unlike spreadsheets, Python scripts can be significantly more complex, consume larger volumes of data, integrate tightly with other systems, and often lack visibility within IT governance frameworks."
He adds: "If insurers allow their actuaries to develop Python-based solutions without the same level of oversight that a software firm would apply – robust testing, structured release processes, and clear separation of development, testing and production environments – then the EUC risks posed by Python will vastly exceed those historically associated with Excel."
