Croatia osiguranje selects scalable investment platform for multi-asset portfolio growth 

Croatia osiguranje (Crosig) is Croatia's largest insurance company, established in 1884 with 27.52% total market share. As part of the Adris Group, Crosig focuses on strategic asset diversification and digital transformation to support their growing investment portfolio across life and non-life insurance operations.

Business case

As Crosig expanded their investment strategy to support long-term growth and enhanced returns, they identified critical capabilities needed to support their strategic diversification and growth initiatives: 

Strategic asset diversification: The company was implementing a strategic shift to diversify into alternative investments, derivatives, and special bond instruments including floaters—requiring advanced asset management capabilities to support their enhanced investment strategy and deliver superior returns.

Investment decision-making enhancement: Existing Excel-based processes and paper workflows limited their ability to make informed, timely investment decisions and effectively manage risk across expanding asset classes, constraining their strategic growth initiatives. 

Comprehensive portfolio oversight: Crosig needed unified portfolio visibility and sophisticated analytics to optimize asset allocation and support strategic decision-making across their investment lifecycle. 

Group-wide investment standardization: Managing investment frameworks across subsidiary companies in Macedonia, Bosnia, and Serbia required standardized processes and consistent risk management to support investment strategies across group companies and regulatory compliance. 

“As we expanded our business strategy we recognized the need to diversify our asset classes and enhance our investment capabilities. We were looking for a comprehensive front-to-back solution that was out-of-the-box—something that would enable us to expand into alternatives and derivatives while supporting our growth objectives. SimCorp One delivered exactly what we needed.”

Marija Perlić, Team Lead for Front Office Support, Croatia osiguranje

Solution

Crosig selected SimCorp One after a comprehensive evaluation process, opting for a scalable investment platform that would support their multi-asset portfolio growth strategy through a strategic three-phase implementation approach: 

Phase 1: Scalable foundation
Established core investment management infrastructure with scalable architecture including automated approval workflows, compliance frameworks, advanced accounting capabilities with IAS 39, and foundational portfolio analytics designed to support multi-asset allocation strategies and future growth. 

Phase 2: Multi-asset capabilities expansion 
Implemented IFRS 9 for enhanced financial reporting, comprehensive performance and risk management tools, advanced derivatives management capabilities, and Solvency II reporting to support strategic risk-adjusted returns across diversified asset classes and regulatory capital optimization.

Phase 3: Group-wide scalable deployment
Extended sophisticated multi-asset investment management capabilities to subsidiary companies, creating unified investment strategy execution and coordinated risk management across the group's  EUR1.5 billion diversified asset base. 

The implementation delivered a comprehensive front-to-back investment platform specifically designed to support diversified asset classes and portfolio expansion objectives. SimCorp One's scalable architecture enabled Crosig to diversify their investment universe into alternatives and derivatives while maintaining robust risk management and regulatory compliance across their group operations. 

“We took the SimCorp standard configuration for new derivatives and alternative investments, which gave us access to instruments we hadn't used before. This helped us expand our investment capabilities and enhance our strategy using SimCorp's institutional knowledge and best practices,” notes Perlić

Business benefits 

Implementing SimCorp One delivered transformative results across Crosig's multi-asset investment portfolio, enabling scalable growth and strategic excellence throughout their organization. 

Strategic multi-asset portfolio transformation  

Our new scalable platform enabled Crosig to execute their strategic vision for portfolio diversification and enhanced returns: 

• Alternative investments expansion: Successfully integrated complex alternative fund management capabilities, enabling strategic allocation to alternatives that were previously difficult to manage 
• Advanced derivatives strategy: Implemented advanced derivatives management with institutional-grade capabilities, leveraging SimCorp's standard configurations to access instruments they hadn't previously utilized 
• Enhanced investment decision-making: Comprehensive analytics including duration calculations, cash flow projections, and yield analysis enable strategic portfolio optimization and informed asset allocation decisions 
• Total portfolio visibility: Real-time view across all asset classes and group companies supports strategic asset-liability matching and coordinated investment strategy execution 

Operational excellence and strategic coordination  

The unified platform delivered critical capabilities supporting business objectives: 

• Group investment coordination: Standardized investment management across subsidiary companies supports group company strategies and optimized capital allocation across markets 
• Regulatory excellence: Full Solvency II reporting capabilities optimize regulatory capital management and support strategic growth initiatives 
• Streamlined operations: Month-end closing reduced to two hours enables faster strategic decision-making and enhanced management reporting cycles 
• Strategic data integration: All investment teams work from unified data, enabling coordinated strategy execution and consistent risk management across the organization  

“With SimCorp One we now have all teams looking at one data source, which enables coordinated investment strategy execution. The single source of truth approach has been transformative for our strategic capabilities.”

Marija Perlić, Team Lead for Front Office Support, Croatia osiguranje

Partnership and strategic innovation  

Crosig values the strategic partnership enabling continued growth: 

• Ongoing strategic support: Continued collaboration on strategic initiatives and platform enhancements beyond initial implementation 
• Future innovation access: Active interest in SimCorp's next-generation front office solutions and AI capabilities to support continued strategic evolution 

“Our partnership with SimCorp enables us to achieve our strategic objectives. We see the new front office innovations and AI capabilities you're developing, and we're excited to see what new strategic capabilities you'll bring to support our continued growth,” concludes Perlić