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Fennia Mutual Insurance selects SimCorp Dimension

Finland-based Fennia Mutual Insurance has selected SimCorp Dimension as its new investment management platform from SimCorp.The insurer will be using SimCorp Dimension front-to-back solution.

Fennia Mutual Insurance investment director Eero Eriksson said as insurance company Fennia operates in a market characterized by capital and regulatory constraints, a market where the company 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.

"We have spent more than a year evaluating the market and have no doubt that SimCorp Dimension is the system best suited to meet our existing and future business needs," Eriksson said.