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Munich RE: Transforming Reinsurance
Robert Lempertseder, Head of Financial and Regulatory Reporting at Munich Re talks about how they are transforming reinsurance with the help of SAP Fioneer’s expertise and Financial Products Subledger (FPSL) solution.
Working together, we were able to complete MunichRE’s IFRS17 transformation and harmonize their systems and processes with a combined subledger across all of their businesses.
About the company
Products in use: Financial Products Subledger
No. of employees: 17,000
What they do:
As pioneers in risk assessment, we drive the digital transformation of the global insurance landscape, expanding products and services as new forms of risk emerge. From space rocket launches to cyberattacks to pandemics, we take care of risks while you take care of business.
The understanding of the insurance business model was particularly important in the IFRS17 introduction, and this is certainly where we feel that SAP Fioneer can bring a lot of value to the table, being very specialized in the financial services industry.
Robert Lempertseder, Head of Financial and Regulatory Reporting, Munich Re