Arca Assicurazioni
CUSTOMER STORY

System Modernization & Accelerated Close with SAP for Reinsurance Solution

Reinsurance complexity is often underestimated. To efficiently manage complex transactions and articulated processes, you need a professional solution and an implementation partner that has both business knowledge and IT acumen. msg global solutions provided just that at a recent engagement at Arca Assicurazioni, headquartered in Verona, Italy. Looking to effectively manage their P&C operations, Arca Assicurazioni needed guidance to implement a holistic approach to speed up the closing process, eliminate as much manual intervention as possible and develop a modernized system platform to handle growth and expansion.

Project Details


Challenges

  • Tight time constraints to produce quarterly and yearly booking closure
  • Labor intensive manual activities performed in Excel spreadsheets with many control checks
  • Legacy system data import
  • Lack of automation in managing complex reinsurance contracts

Solutions

  • Implemented modern SAP Reinsurance standard solution with limited custom development
  • Developed systematic methodology for legacy system data import
  • Performed import using standard msg developed accelerator (msg.AIM)
  • Integrated external system using standard interface via msg.AIM
  • Adapted reporting requirements to the new automated solution

Benefits

  • Fast implementation - on schedule and on budget
  • Reduced booking closure time
  • Reduced manual data entry and result verification activities
  • Centralized operations into one platform - all processes are fully covered in one solution

Why msg global

  • Proven track record in the reinsurance industry with over 30 years of experience
  • Global leaders in the reinsurance industry thanks to long term strategic partnership with SAP
  • Highly committed professional resources that know the insurance and reinsurance industry
  • Accelerated template implementation approach that requires fewer people-hours during the closing with higher data quality and details

 

arcalogo

Fast Implementation

1 Year to Go-live 

Cost Conscious

Commensurate to Customer Needs and Size

Trusted Partner

Established an Exceptional Working Relationship

Accelerated Close

Timeframe Significantly Reduced

Statement from Sandro Anselmi, Head of Reinsurance

"We are very thankful to msg global for their contribution that allowed the achievement of our project goals in a timely manner."

Company
Arca Assicurazioni

Headquarters
Verona, Italy

Industry
Insurance

Products and Services
P&C Insurance

Employees
150

Web Site
www.arcassicura.it

For more information on this customer story, please contact Ago Assi.