Client case
Finance department,
insurance company
Major French institutional investor.
€300bn AUM, of which €55bn managed directly.
Context
One of the leading French insurance companies: €300bn AUM, of which €55bn managed directly by a team of 35 portfolio managers and analysts.
The technical architecture is built around SimCorp Dimension™ for the Middle and Back Office, with a significant share delegated to external mandate managers.
The problem
SimCorp Dimension™ covered the Middle and Back Office very well, but the finance department and the executive committee had no consolidated real-time view aligned with their management dimensions. Portfolio teams cobbled together workarounds in Excel, external managers sent their reports in heterogeneous formats, and every report required several hours of manual reprocessing.
Uncovered needs
- Dashboards for the finance department and the executive committee
- Front-end applications for the portfolio management teams
- Monitoring of movements, P&L, provisions and Top 10 across various custom axes
- Tracking of programs and instructions to external mandate managers (delegated management)
- Classification and aggregation rules specific to insurance oversight
The Osmoze solution
Capabilities deployed
- Osmoze server on-premise, with the Excel add-in for portfolio managers and a Web portal for the finance department
- Activation of the Decision support and Institutional modules
- Real-time integration with SimCorp Dimension™
- Custom module for classification and aggregation rules
- Consolidation of mandate manager reports in a unified format
- First Live in 4 weeks, full rollout through iterations
Results
A real-time view on the dimensions that matter for insurance oversight.A similar context?
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