Case Study: LVM Versicherungen streamlines capital investment and risk control with SimCorp Dimension

LVM Versicherungen cuts implementation costs by 30% with SimCorp

LVM Versicherungen, a German insurance company, faced challenges from changing capital markets, low interest rates, and increasing regulatory requirements. This led its board to decide on replacing its former back office system for capital investment management. The company selected SimCorp and its integrated platform, SimCorp Dimension, to streamline processes and avoid maintenance-intensive interfaces.

SimCorp implemented its Dimension platform using a project model specially tailored for insurers. The solution provided LVM with a common data basis from front to back office, comprehensive controlling functionalities, and flexible reporting capabilities. This resulted in the optimization and automation of processes, significant operational risk reduction, and cost savings of approximately 30% on the implementation. With SimCorp Dimension, LVM is now better positioned to meet increasing reporting requirements and market demands.

LVM Versicherungen