INTELLIGENT BRANDS // Software for Business
POWERED BY
SAP and Swiss Re reach next
milestone in co-innovation
initiative for financial reporting
/////////////////////////////
OUR CLOSE
PARTNERSHIP WITH
SWISS RE HAS
HELPED US CREATE
AN EXCEPTIONAL
CUSTOMER
EXPERIENCE
ACROSS THE
INSURANCE
AND FINANCIAL
SECTORS.
www.intelligentcio.com
S
AP SE has announced the expansion
of its joint co-innovation project
with insurance giant, Swiss Re, which
now provides software that goes beyond
accounting to include simulation, forecasting
and planning capabilities essential to
support the business in financial analysis.
SAP and Swiss Re started their journey in
2017 with the goal of creating an innovative
multi-GAAP solution to manage increasingly
complex financial steering and reporting
requirements, including IFRS 17 and 9
compliance affecting insurance companies
worldwide. Swiss Re provides reinsurance,
insurance and other insurance-based risk
transfer products.
“I am very proud of how much the Swiss
Re and SAP teams have rapidly achieved to
produce this next shipment,” said Swiss Re
Reinsurance CFO, Gerhard Lohmann. “Bringing
key functionality into the system, along with
the addition of forecasting, planning and
simulation, brings greater financial steering
capabilities. The thought leadership on
multivaluation and IFRS we have applied
as part of the co-innovation has been well
received throughout the industry.”
“Our close partnership with Swiss Re
has helped us create an exceptional
customer experience across the insurance
and financial sectors,” said Luka Mucic,
SAP CFO and Member of the Executive
Board of SAP SE. “This next stage of co-
innovation with Swiss Re means increased
guidance, transparency and support across
financial projects for our customers. It
marks a notable effort to enable more
than just accounting projects on our SAP
S/4HANA platform.” n
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