REGENSDORF, Switzerland, Sept. 23, 2014 /PRNewswire/ -- msg global solutions today announced it has completed a successful first year in support of SAP® Insurance Analyzer analytic applications during the 7th bi-annual insurance conference munich (inscom), an international industry event for top executives to explore the future of insurance. This year's inscom theme, "Digital Innovation," provides an ideal stage for sharing the achievements msg global has helped customers experience with SAP Insurance Analyzer over the past year.
SAP Insurance Analyzer is a powerful accounting, risk, and analytical solution that helps consolidate and make accessible vast amounts of data from an insurer's asset and liability (policy) information into one unified view. Having this information in real-time at an insurer's fingertips allows companies to quickly adapt their businesses to ever-changing local, state, federal and global accounting and regulatory requirements. End-users of the solution can benefit from drill-down capabilities which provide data transparency and analytics functionality.
For external reporting, the software solution provides data transparency and tools to comply with government regulations, such as Solvency II and IFRS 4 Phase 2.
"We have implemented SAP Insurance Analyzer for many clients, who are industry leading in understanding data and adjusting to shifting reporting requirements," said Bernhard Lang, CEO, msg global solutions. "We knew this solution would have a practical application, but our clients are telling us that the implementation across their organizations is helping to redefine workflow for even higher levels of performance and success."
SAP Insurance Analyzer, implemented and supported by msg global, is helping to transform the insurance industry. Customers using the SAP Insurance Analyzer are also beginning to leverage the SAP HANA® platform for better, faster and more strategic decision-making across their organizations. Several well known insurers across North America, Asia Pacific and Europe hold SAP Insurance Analyzer licenses.
"In order to quickly adapt to the regulatory demands and fluctuating market conditions in the insurance industry, it's critical that insurers have in-depth information and financial analysis to get an instant view of business performance," said Robert Cummings, global head, Insurance Business Unit, SAP SE. "SAP Insurance Analyzer represents SAP's overall vision for financial transformation, and msg global solutions understands this vision and is helping customers to realize the benefits it provides smoothly and quickly."
msg global, in an effort to anticipate future insurance industry needs, continues to cooperate with SAP on development and implementation of SAP Insurance Analyzer.
About msg global solutions
msg global solutions combines insurance, reinsurance and banking insight with technical expertise to deliver business consulting, AMS, systems integration, mobility and analytics to clients worldwide. Our dedicated staff have business experience in all lines of insurance/reinsurance and are well versed in state-of-the-art technology, including SAP solutions.
msg global solutions is part of msg group, a global market leader for insurance IT solutions employing over 4,500 consultants and developers and presenting 15 years of experience in Integrated Finance & Risk Architecture.
To learn more about msg global solutions, visit www.msg-global.com
msg is an independent, international group of companies with more than 4,500 employees around the world. The company offers a holistic service spectrum of creative, strategic consulting and intelligent, sustainable and value-added IT solutions for the following industries: automotive, financial services, food, insurance, life science & healthcare, public sector, telecommunications & media, travel & logistics as well as utilities and has acquired an excellent reputation as an industry specialist during its more than 30 years in business.
Within the group, independent companies cover the wide variety of industry and issue-based competence: msg systems ag forms the core of the company group and works in close cooperation with the subsidiaries, both on a business and organizational level. This allows the competence, experience and know-how of all the members to be bundled into a holistic solution portfolio with measurable added value for its customers.
msg holds seventh place in the ranking of IT consulting and system integration companies in Germany.
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Global Marketing Director
msg global solutions, Inc.
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