Customer story
To manage P&C reinsurance operations, Arca Assicurazioni needed to speed up the closing process, eliminate manual intervention, and develop a modernized platform to handle growth and expansion.
COMPANY
Arca Assicurazioni
the third-largest retail bank in the Baltics
HEADQUARTERS
Verona, Italy
EMPLOYEES
150
INDUSTRY
Insurance
PRODUCTS & SERVICES
P&C Insurance
WEBSITE
www.arcassicura.it
We are very thankful to msg global for their contribution that allowed the achievement of our project goals in a timely manner.
Sandro Anselmi
Head of Reinsurance at Arca Assicurazioni
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
- Implementation with specific custom development
- Systematic methodology developed for legacy system data import
- Import using standard msg developed accelerator (msg.AIM)
- External system integration using standard interface via msg.AIM
- Reporting requirements adaptation to automated solution
CHALLENGES
System modernization & accelerated close
- 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
BENEFITS
Operational Efficiency
- 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
Operating from offices across the globe, our expert teams help clients achieve operational efficiency and improve decision-making capabilities.
Fast Implementation
1 year to go-live
Cost conscious solution
Commensurate to customer needs and size
Trusted partner
Established an exceptional working relationship
Accelerated close
Timeframe significantly reduced
msg global supporting Arca Assicurazioni
We bring expertise, a customer-centric philosophy, and a focus on innovation to everything we do.
Reinsurance expertise
Proven track record with over 35 years of experience.
SAP innovation partner
Development partner for FS-RI and experienced implementation leader.
Industry experts
Functional & technical resources committed to the (re)insurance industry.
Implementation approach
Accelerated template approach saves time and money.
