Source: SimCorp Dimension
SimCorp announces that Ethias Insurance, the second largest insurance company in Belgium, has chosen SimCorp Dimension for its front, middle and back office operations.
Based in Liège, Ethias Insurance will use SimCorp Dimension to manage its EUR 26bn assets under management. During the selection process it became clear that SimCorp Dimension was the system that best provided a fully integrated and automated solution supporting all of Ethias' comprehensive requirements.
The implemented solution will strongly improve the investment management process at Ethias Insurance and will include (among others): cash management, performance, risk, compliance, accounting (incl. IFRS), legal reporting and fund administration for a broad range of financial instruments.
This new SimCorp Dimension order does not change the company's expectations to the year's result.