Source: SimCorp
SimCorp is delighted to announce that SCOR, one of the largest reinsurance groups worldwide, with its head-office in Paris, has selected SimCorp Dimension as its future strategic platform for domestic and international asset management activities.
SCOR will in the outset use SimCorp Dimension to support its back-ofice and accounting activities in Europe, North America and Asia. As a global player, it has been important for SCOR, in the selection process, that SimCorp was present in the US and Asia and has a proven track record concerning local compliance with e.g. accounting principles.
Managing Director, Troels P. Jenson, in SimCorp Benelux says; "We believe that SCOR is an ideal first client for SimCorp in the French market as it will enable us to demonstrate that SimCorp Dimension is in full comliance with the French accounting principles and legal reporting to French authorities as well as other requirements of SCOR. This contract proves the benefit of SimCorp Dimension as the back-bone asset management system for an international group and also clearly illustrates the leverage in SimCorp's software development activities as we maintain our strategic focus. I would like to add that I see this contract as an evidence of our competitive strength also in the French market - one of the largest financial markets in the world."