How Munich RE completed its IFRS17 transformation and harmonized their systems and processes

About the story

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.

Munich RE is one of the top providers of reinsurance, primary insurance, and insurance-related risk solutions in the world, covering risks from space rocket launches to cyberattacks to pandemics.

Industry

Insurance

Location

Germany

Number of employees

17,000