External consultants were used in the evaluation process. The selection of imCorp Dimension was primarily based on the systemâs fully integrated straight through processing ability together with its risk management and international accounting (IFRS/IAS) capabilities. Another significant factor was the number of other major insurance companies across Europe that use SimCorp Dimension. These include Skandia, ING Investment Management, Fortis ASR and HDI Asset Management GmbH.
âIt is particularly important to us that we are now able to manage the different regional requirements, from accounting to reporting, in a single system,â explains Dr. Gottfried Wanitschek, director of UNIQA insurance. âFurthermore, with SimCorp Dimension, we have chosen a well proven solution, which is already used by several insurance companies across Europe.â
UNIQA is one of the leading insurance groups in central Europe and the market leader in Austria. The group manages assets of around EUR 14b and has 6,600 employees.