The SCOR group is a reinsurer with worldwide operations and with specialist teams operating in more than 49 countries across 5 continents. Headquartered in Paris, SCORâs clients consist primarily of insurers and large corporations.
SCOR chose the SimCorp Dimension solution for its investment accounting and back office operations in April 2007. SimCorp Dimension has replaced SCORâs former portfolio management solution.
The solution, effective since June 2008, handles SCORâs back office investment management activities. Today, all SCOR portfolios are handled by SimCorp Dimension ensuring an efficient operational workflow for SCORâs global investment management.
SCOR will ultimately use SimCorp Dimension to support its back-office and accounting activities in Europe, North America and Asia. As a global player, it has been important for SCOR that SimCorp was present in the US and Asia and is able to handle multiple accounting standards.
Managing Director Troels P. Jensen, SimCorp Benelux, says: âWe are very pleased with the successful implementation of SimCorp Dimension, thanks to a fruitful cooperation with SCORâ.
SimCorp Dimension is a fully integrated system with no need for middleware. Therefore, the implementation of the system has run very smoothly. SCOR went into production after an implementation period of 15 months.