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Fennia Mutual Insurance Company Chooses SimCorp Dimension

SimCorp announces that Finnish Fennia Mutual Insurance Company has selected SimCorp Dimension as its new investment management platform. Fennia Mutual Insurance Company will be using SimCorp Dimension front-to-back.

Following a detailed selection process, Fennia Mutual Insurance Company – one of the leading Finnish providers of life and non-life insurance services for enterprises and private households – has selected SimCorp Dimension as its future investment management system. Fennia Mutual Insurance Company chose SimCorp Dimension because of the platform’s ability to provide a completely integrated, yet modular, front-to-back solution with strong capabilities within risk and compliance.

“As an insurance company we operate in a market characterised by capital and regulatory constraints, a market where we are constantly faced with tighter regulatory and reporting requirements introduced by new legislation. It has therefore been a major priority for us to find and deploy a solution that would not only help us manage and streamline workflows, but also allow us a competitive advantage in being able to efficiently mitigate risk and comply with regulatory requirements,” says Fennia Mutual Insurance Company investment division.

“It is a great pleasure to have Fennia Mutual Insurance Company choose SimCorp Dimension as its future investment management platform,” says vice president at SimCorp, Lau Harting Jeppesen. “This agreement confirms our strong Finnish market position and we are pleased to welcome Fennia Mutual Insurance Company to our Finnish client base.”