Case Study: SCOR achieves IFRS 9 compliance with SimCorp Dimension

SCOR relies on SimCorp for IFRS 9 compliance since 2007

SCOR, a leading global reinsurer, faced the challenge of complying with the new IFRS 9 accounting standard as part of a wider IT transformation. To meet this need, they relied on their existing vendor, SimCorp, and its SimCorp Dimension platform, which had been managing their middle and back-office operations since 2007.

SimCorp implemented a dedicated IFRS 9 platform for SCOR, which included a new closing process that successfully onboarded all the standard's specificities. This solution was delivered through close collaboration between the two companies and was a key factor in the project's success. The result is that SCOR now operates fully on this new compliant platform.

SCOR