" Historically, the sector has been dominated by Ultradata solutions, who are investing in and evolving their platforms. "

The newly released 37th KPMG Mutuals Industry Review puts a spotlight on the pivotal role technology plays in the long-term prosperity of the sector and talks about how Ultradata has significantly contributed to the industry.

This modernisation allows for faster service delivery and creates the flexibility to scale and adapt as new technologies emerge. It enables mutuals to process transactions more efficiently, provide real-time updates to customers, introduce new services with minimal disruption, and help mutuals comply with evolving regulations ensuring they remain competitive and compliant.

Furthermore, the report outlines how mutuals are embracing digital transformation to stay resilient from strengthening cybersecurity and meeting regulatory demands, to harnessing AI and improving data quality. With new ESG reporting standards now in effect, there's also a growing focus on turning compliance into a competitive edge.