Allianz Account Reconciliation Centre (ARC)

Introduction

The Allianz Account Reconciliation Centre (ARC) will help you save time and money by providing your statement data online and greatly improving the process for settling your Allianz accounts. It will also help with your debt management and credit control processes.

ARC is a free service, accessible online via imarket. Backed by Allianz, Aviva, Chubb and Arista, ARC has been developed in conjunction with CGI Europe with a view to becoming an industry standard account reconciliation solution.

Transforming the UKbroker/insurer settlement processes

Insurers and brokers using ARC report 40% plus saving in time spent on their reconciliation process.

Other benefits include:

• Rapid transition from paper based processes to a fast electronic flow of information.
  
• Improved debt management - ARC enables quick search and sorting of all data on all your accounts and consolidates existing accounts into a single view.
  
• Time saving by reducing the peaks and troughs of the monthly cycle. ARC's enquiry facilities with comments and audit trail enable the easy interrogation of entries.
• Improved broker/insurer communication leading to quicker query resolution through ARC's system notification of activity on accounts and real-time query handling.
  
• Process standardisation - ARC is an industry solution with consistency of process across all brokers and insurers.
• It's FREE!

How do I access ARC?

Implementing ARC is simple, all you need is internet access for your accounts staff and to register to imarket first. You can register here.

Once registered to imarket, follow these simple steps:

1. click on ‘Products & Services’.
2. then ‘Accounts’.
3. then ‘Getting started’.
4. then ‘Getting Started with ARC’.
5. then ‘Further Information’.