The regulatory requirements of Solvency II stipulate that insurance companies put in place efficient reporting processes. Q_PERIOR supported the leading international industrial insurer Allianz Global Corporate & Specialty (AGCS) within the design of a reporting solution to process and prepare technical provision data from Actuarial, Accounting, Claims and Underwriting and to provide this data for actuarial reporting purposes.
With SAP S/4HANA, SAP launched a comprehensive solution for the financial sector in 2015. The software giant from Walldorf is promising its customers nothing less than to smooth the path for the digital transformation of the financial area. But what does this transformation mean specifically for financial departments?
Existing IT structures in banks frequently fail to offer the right conditions for adequately meeting the growing regulatory requirements. One leading German mortgage bank therefore decided to set up an SAP-based, integrated finance and risk architecture (IFRA) together with Q_PERIOR.