SimCorp and Alm. Brand Group strengthen collaboration
Leading insurance provider Alm. Brand Group expands partnership with SimCorp
Copenhagen – 15 May 2024 – SimCorp, a prominent provider of investment management solutions, announces an expansion in its longstanding partnership with Alm. Brand Group, a leading Danish insurance group.
Alm. Brand Group has decided to extend its partnership with SimCorp, leveraging SimCorp's innovative hybrid operating model that seamlessly fuses technology with Data, Operations, and Accounting Business Process Services.
This decision to expand the collaboration highlights the robustness of SimCorp’s hybrid operating model, known for its innovative approach to business process services.
“We are pleased to continue our long-standing collaboration with SimCorp, whose flexible solutions fit our needs well within accounting, risk, compliance, and reporting. The adoption of their new hybrid model will further streamline our processes, balancing automation with high-quality service. Extending our cooperation with SimCorp was a straightforward decision that aligns with our ongoing pursuit of operational effectiveness,” says Thorsten Meyer Larsen, Chief Investment Officer at Alm. Brand Group.
SimCorp's industry-leading Risk Management and Compliance solutions will assist Alm. Brand Group with stress testing, scenario analysis and Solvency II, essential components for effective risk management in the insurance sector.
The partnership also provides Alm. Brand Group access to SimCorp’s combined Data, Operations, and Investment Accounting Services - technology-driven, highly automated, and standardized service that ensures accurate and timely market and reference data integrated with multi-jurisdictional and regulatory-compliant accounting data and reports.
In addition to the extensive solution provided, SimCorp’s services include an advisory overlay offering access to a team of local data and accounting experts with simplified experience for Alm. Brand using the cloud-based self-service interface.
“The partnership with Alm. Brand Group is a testament to the strength of our Data Management and Investment Accounting services. Together with our hybrid model combining business process services and SaaS platform, it represents a solution that is unique to SimCorp,” says Christian Ebbesen, Head of Sales for Northern Europe at SimCorp.
This expansion marks the next phase in the collaboration between Alm. Brand Group and SimCorp, who have been working together since 2000.
“Extending our cooperation with SimCorp was a straightforward decision that aligns with our ongoing pursuit of operational effectiveness.”
About Alm. Brand Group
The Alm. Brand Group is a unified, leading Danish insurance group focused on non-life insurance. With more than 700,000 customers combined, we are Denmark’s second-largest non-life insurance company.
We consider insurance and claims prevention to be crucial pillars of our society and our lives. Insurance is about resting assured that you have the protection you need, and about feeling confident that you’re in safe hands.
Insurance is also a collective benefit anchored in a sense of community and joint responsibility. We know that insurance works only if we stand together.
About SimCorp
SimCorp is a provider of industry-leading integrated investment management solutions for the global buy side.
Founded in 1971, with more than 3,000 employees across five continents, SimCorp is a truly global technology leader that empowers more than half of the world’s top 100 financial companies through its integrated platform, services, and partner ecosystem.
SimCorp is a subsidiary of Deutsche Börse Group. As of 2024, SimCorp includes Axioma, the leading provider of risk and management and portfolio optimization solutions for the global buy side.
Media Contact
Søren Rathlou Top, Global PR Manager at SimCorp
Tel: +45 31 15 87 06
Email: [email protected]
