Insurance

Meeting today’s and tomorrow’s challenges in insurance asset management 

Asset managers in the insurance industry operate in an environment characterised by capital and regulatory constraints, volatile asset values and premium pressures. The heightened focus on risk has been reinforced by the tighter regulatory and reporting requirements introduced by new legislation. The increased pressure on the bottom-line brought about by these developments has obliged insurance companies to focus on cost reduction and top-line revenue growth.

To meet the multitude of challenges facing them, as well as the potential opportunities, insurers are looking at ways to manage and streamline investment processes and regulatory requirements. 

SimCorp offers a global investment management system that delivers solutions for investment managers within the insurance sector, helping these organisations turn challenges into opportunities. Key areas of this enterprise-wide solution include risk management, operational cost reduction, improved transparency, financial reporting and growth.

Enterprise-wide workflow control

With SimCorp Dimension’s intelligent workflows, routine tasks are automated, so that front- and middle-office personnel can spend their time effectively managing and analysing investments, thus minimising the need for exception handling or repetitive administrative tasks. And, as all system component modules use the same core database, workflows can be greatly simplified, with significant cost-efficiency gains, front-to-back.

A single database means transparency

With every business operation based on SimCorp Dimension, all personnel use exactly the same data, thus providing complete consistency and transparency across the organisation. A full transaction history is maintained, improving clarity and mitigating operational risk.

Reduced and managed risk

Being part of the overall seamless processing system, SimCorp Dimension’s risk solution allows investment managers the opportunity to be in full control of the market risk measurement process while minimising operational risk. With workflows supported on a single platform, the risks inherent in interfacing different solutions are avoided.

Business needs met – precisely as they arise

Successful businesses need to be able to take advantage of an opportunity whenever it presents itself. SimCorp Dimension’s in-built flexibility offers the ability to adapt rapidly and effectively to changes in the business environment.

Read more about SimCorp Dimension