Modern Reinsurance System Implementation
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
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
- 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 ahead of 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
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
Strategic Partnership
Global Reinsurance Leadership through strategic long-term partnership with SAP
Industry Expertise
Strategic focus on the reinsurance market
Global Integration
Ability to effectively manage complex international system transformations with multi-regional locations
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
Team Performance
Tremendous
Teamwork Across the Globe
Project Management
Successful
Business Transformation Through System Modernization
How can we help?
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.
