SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today announced that Triglav Group, the leading insurance and financial group in the Adriatic region, has selected SimCorp Dimension as the new software solution for its front, middle and back office operations.
The Ljubljana-based group will be using SimCorp Dimension for the management of its entire range of assets, as well as to provide the data needed to comply with Solvency II. Centrally installed at the headquarters, the SimCorp software will also be used among the Group's subsidiaries.
In addition to its many functional advantages, SimCorp's strong position in the insurance industry, its implementation know-how and approach to customer service were among the decisive factors for Triglav.
"Our decision was the result of a careful selection process among international solution vendors", explains Uros Ivanc, Chief Financial Officer of Zavarovalnica Triglav. "By choosing SimCorp Dimension we have laid the foundation for the planned growth of Triglav in South-East Europe, where we are gaining ground and expanding our operations."
"Triglav will benefit from SimCorp Dimension's strong front office based on its Investment Book of Records (IBOR) covering all asset classes. Furthermore, the full coverage of investment accounting including local specifics is key", explains Dr. Ralf Schmücker, Managing Director of SimCorp Central Europe. "The agreement with Triglav demonstrates the strength and reach of SimCorp Central Europe, and we very much look forward to partnering with Triglav."
The agreement with Triglav Insurance was signed in December 2014.