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SimCorp Partners with AXA to Improve Financial Risk Management

In a significant move within the financial technology landscape, SimCorp, a global leader in financial solutions, has announced that AXA, a renowned insurance and asset management group, will roll out its award-winning platform, SimCorp One, to strengthen its capabilities in monitoring portfolios and managing financial risks effectively.

Improving Operational Efficiency

By adopting the SimCorp One platform, AXA’s investment and risk management teams are set to benefit from a real-time, consolidated view of positions across the group's various entities. This integration is designed to eliminate operational frictions and enhance investment tracking while meeting the investment demands of AXA’s global insurance operations with speed and scalability.

Jean-Baptiste Tricot, AXA's Group Chief Investment Officer, emphasized the transformative potential of their partnership with SimCorp: "By collaborating with SimCorp for technology and managed services, we are not just implementing a new platform; we are transforming our operational model. Their holistic approach to technology offers several strategic advantages, simplifying our tech architecture with a unified, integrated platform. Moreover, SimCorp’s business services will allow our teams to focus on higher-value activities for our clients, ensuring that the platform evolves alongside our needs."

Addressing Industry Challenges

SimCorp One is addressing several critical challenges facing the insurance sector today, including increasing regulatory complexity, the need for operational efficiency, and the demand for integrated technological solutions that support investment strategies across public and private markets. By selecting SimCorp One, AXA gains access to continual platform innovation, advanced data management capabilities, and specialized expertise within the insurance sector, thereby supporting its evolving investment requirements across its global operations.

The platform’s unified data model optimizes fund management by harmonizing operational and accounting data, ensuring a clear, consistent view of both risks and investments while complying with regulatory requirements. This holistic approach facilitates better decision-making and strategic oversight.

Advanced Risk Management Solutions

SimCorp's integrated Axioma risk management solution equips insurers with enhanced abilities to manage and optimize portfolio risk exposures. Ralf Schmücker, Managing Director for EMEA at SimCorp, expressed pride in AXA's choice: "We are honored that AXA has selected us to assist in the transformation of its global investment operations. This decision reinforces SimCorp's position as a preferred partner for insurers looking to optimize their investment operations while upholding the highest standards of investment tracking and risk management. With our unique front-to-back solution, multi-asset class capabilities built on a unified data structure, we are exceptionally positioned to tackle these challenges and provide a comprehensive view of investment portfolios."

As part of this collaboration, AXA will leverage SimCorp’s managed business services for data management and investment operations. These services will supply up-to-date market and reference data to all users of the platform, alongside comprehensive asset management across AXA’s portfolios.

About SimCorp and AXA

SimCorp was founded in 1971 and is a leading provider of integrated solutions and services for financial asset management worldwide. With over 3,500 employees across five continents, SimCorp services more than half of the top 100 global financial firms with its integrated platform and established ecosystem of partners. Notably, SimCorp is a subsidiary of Deutsche Börse Group. Including Axioma, a leader in risk management and portfolio optimization solutions, since 2024, SimCorp continues to enhance its offerings.

AXA, on the other hand, is a global leader in insurance and asset management, employing 154,000 staff who serve 95 million customers across 50 countries. In 2024, AXA reported a revenue of €110.3 billion under IFRS 17 and an operational profit of €8.1 billion, showcasing its robust market presence. The AXA share is publicly traded on the A compartment of Euronext Paris under ticker code CS, reflecting its commitment to sustainable and responsible investment principles nationally and internationally.

Together, SimCorp and AXA are poised to redefine the standards in portfolio management and financial risk monitoring, showing a promising direction for the future of financial services worldwide.