INABILITY TO SCALE FOR GROWTH
To lower the cost of doing business, insurance firms like yours are looking to scale efficiently and cost-effectively.
To access new markets and customer bases, achieve cost synergies, and gain specialist expertise not available in-house, many insurance firms are looking to expand. In the news recently, larger firms have looked towards M&A activity, including acquisitions or partnerships with alternative, private asset, or multi-asset boutiques to achieve this growth and scale.
These approaches create new challenges, including the costly and inefficient duplication of tasks. Different regions have their own distinct accounting frameworks, their own technology, teams and processes. Additionally, it can create complexities when pulling together a consolidated view of data, which is required in a fast-moving market to perform other requisite tasks.
If you’re on a growth journey, you’ll need to have a good view on how capital requirements will evolve and also the opportunities from investment forecasting functionalities, which only a single, integrated platform can deliver.
Why partner with SimCorp
SimCorp offers a consolidated and integrated platform for growth for insurers. A consistent set of workflows, business tools and single view of data, helps you increase operational efficiency and reduce risks when expanding into different geographies, or diversifying your business.
As a fast growing global asset manager, Aegon Asset Management identified that their investment management infrastructure was simply not capable of supporting the company’s growth ambitions. Learn how they turned to SimCorp Dimension to address their challenges with manual processes and positioned the business to pursue new growth strategies, while reducing operating costs, and mitigating operational risk.