Athora, a European subsidiary of a specialist insurance and reinsurance group, has chosen SimCorp Dimension as-a-Service, for advanced accounting functionality.

SimCorp Dimension will provide Athora with advanced accounting functionality to support its back-office operations with accounting, financial and regulatory reporting across the European markets.

Athora has a focus on the European insurance market, with its principal operational subsidiaries in Belgium, Germany, Ireland and Bermuda. It will leverage SimCorp Dimension's integrated Investment Book of Record (IBOR) and Accounting Book of Record (ABOR) as the basis for fund administration, collateral management, settlement and reporting.

The solution will also enable Athora to effectively manage the increasing amount of regulatory compliance impacting insurance firms across Europe today, including Solvency II, adds SimCorp.

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Athora, a European subsidiary of a specialist insurance and reinsurance group, has chosen SimCorp Dimension as-a-Service, for advanced accounting functionality.

SimCorp Dimension will provide Athora with advanced accounting functionality to support its back-office operations with accounting, financial and regulatory reporting across the European markets.

Athora has a focus on the European insurance market, with its principal operational subsidiaries in Belgium, Germany, Ireland and Bermuda. It will leverage SimCorp Dimension's integrated Investment Book of Record (IBOR) and Accounting Book of Record (ABOR) as the basis for fund administration, collateral management, settlement and reporting.

The solution will also enable Athora to effectively manage the increasing amount of regulatory compliance impacting insurance firms across Europe today, including Solvency II, adds SimCorp.