System Modernization & Accelerated Close
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
Industry
Insurance
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
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
Industry Experts
Functional & technical resources committed to the (re)insurance industry
SAP Innovation Partner
Development partner for FS-RI and experienced implementation leader
Implementation Approach
Accelerated template approach saves time and money
Why
msg global
Operating from offices across the globe, our expert teams help clients achieve operational efficiency and improve decision-making capabilities.
Project Delivery
Fast Implementation
1 Year to Go-live
Reliable Partnership
Trusted Partner
Established an Exceptional Working Relationship
Cost-Effective Solution
Cost Conscious
Commensurate to Customer Needs and Size
Quick Closure
Accelerated Close
Timeframe Significantly Reduced
We can help you
Contact us today
Over 2,500 insurance professionals work globally under the msg brand. At client locations, development offices and innovation centers, we continually add to our expertise to exceed client expectations.
