Customer story
Gen Re needed a modern reinsurance administration system (RAS) to enhance business agility, reduce support needs, and streamline processes across its entities.
COMPANY
Gen Re
World-leading Life & Health and Property & Casualty reinsurers
HEADQUARTERS
Stamford, Connecticut, United States
EMPLOYEES
1900+
INDUSTRY
Insurance
PRODUCTS & SERVICES
Reinsurance solutions
WEBSITE
www.genre.com
We very much would like to thank msg global for your hard work, outstanding commitment and remarkable contribution to the success of the Gen Re project. With your help, we were able to land ahead of schedule giving the corporation a broad range of new opportunities towards operational excellence and a modern backbone for other lines of business.
John Connors
Chief Information Officer at Gen Re
What was accomplished
Our industry-focused teams specialize in understanding specific business needs to shape solutions that create efficiencies and power performance. We speak your language, and our deep industry experience provides the best framework for delivering action-oriented results that fit your operational needs.
SOLUTION
SAP for Reinsurance Solution
- Integrates processes based on business needs, not system constraints
- Restructures data storage for better consistency
- Legacy systems eliminated through rationalized integrations
- Combines SAP and Microsoft for coherent technology and reporting strategy
- Uses Up-to-date SAP and msg applications for robust solutions
CHALLENGES
Overcoming complexities in process integration
- Diverse international business processes, each developed in isolation and driven by system needs
- Dispersed and disparate data with many control checks
- Highly complex integration involving a vast array of systems
- The integration of numerous legacy owned and built applications
BENEFITS
Operational efficiency
- Fast implementation - on schedule and under budget
- Successful multifaceted SAP transformation replacing a multitude of legacy systems and integrating data conversions from 27 different systems
- Centralized operations, standardized master data and eliminated hundreds of business applications
- Created a modern platform with increased opportunity for operational excellence
Why msg global
Operating from offices across the globe, our expert teams help clients achieve operational efficiency and improve decision-making capabilities.
Project delivery 6 months
Ahead of schedule
Tremendous team performance
Teamwork across the globe
Successful project management
Business transformation through system modernization
msg global supporting Gen Re
We bring expertise, a customer-centric philosophy, and a focus on innovation to everything we do.
Implementation approach
Long-term commitment to a stable, efficient platform.
Industry expertise
Strategic focus on the reinsurance market.
Strategic partnership
Global reinsurance leadership through strategic long-term partnership with SAP.
Global integration
Ability to effectively manage complex international system transformations with multi-regional locations.
