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System Modernization & Accelerated Close

Arca Assicurazioni

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.

Arca Assicurazioni@2x

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

 

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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.

Want to learn more?

Agostina Assi headshot msg global employee

Agostino Assi

Board Member