Continentale Insurance Group, a major German insurance group with more than EUR 15bn under management, has selected SimCorp Dimension as its future investment management system.
The group will use the system front to back, specifically to support its portfolio management operations, for controlling and accounting as well as for regulatory reporting.
SimCorp Dimension, a seamlessly integrated solution that supports the entire investment management process, will provide Continentale with extensive opportunities for automation, which is particularly important for the management of its fund-linked life insurances. The inherent flexibility of SimCorp Dimension was also crucial in the selection:
"The extensive range of modular functionality within SimCorp Dimension means that we are able to tailor the system to our particular needs," explains Dr. Gerhard Schmitz, board member responsible for Continentale's asset management. "Furthermore, the professional collaboration and support provided by SimCorp was decisive for our choice of vendor."
"We are delighted to welcome Continentale to our German insurance client base," says Dr. Ralf Schmücker, managing director of SimCorp Central Europe and responsible for sales and product management. "This success emphasises once again that SimCorp Dimension's unique ability to provide seamlessly integrated functionality within a single software solution gives insurance companies a real competitive advantage."