Case Study: KLP achieves integrated front-office portfolio management with SimCorp Dimension

KLP streamlines investment operations across 68 employees with SimCorp

KLP, Norway's largest life insurer, faced challenges with a fragile, in-house built front office system that relied heavily on spreadsheets. This setup lacked integration with their existing SimCorp Dimension middle and back office systems, created regulatory compliance risks, and prevented a unified view of data across the organization. They needed a modern, integrated solution to automate processes and meet increasing demands like MiFID II.

SimCorp implemented its integrated front office solution, SimCorp Dimension, to create a single investment platform. This provided direct connections to multiple electronic trading platforms, moved portfolio management out of Excel, and established a single investment book of record (IBOR). The results included significantly improved data quality, streamlined processes, a complete audit trail for compliance, and a more robust and reliable IT architecture. KLP reported greater efficiency and a better foundation for investment decisions.

KLP