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SimCorp Collaborates with AXA

In a significant move to bolster financial risk management and portfolio monitoring, financial technology giant SimCorp has announced a strategic partnership with AXA. This collaboration will see AXA implement the acclaimed SimCorp One platform along with SimCorp Managed Business Services, facilitation of an integrated approach to managing investments across various asset classes.

Enhancing Operational Efficiency

The integration of SimCorp One is expected to yield several operational efficiencies for AXA's investment and risk management teams. By providing a consolidated, real-time view of positions across all group entities, the platform helps streamline operations, thereby reducing friction in monitoring investments. This is expected to meet AXA’s investment needs swiftly and at scale.

Jean-Baptiste Tricot, AXA’s Group Investment Director, stated, "Partnering with SimCorp enables us not just to implement a platform, but to transform our operational methodologies. Their holistic approach simplifies our technology landscape into a single integrated platform. Moreover, SimCorp’s Managed Business Services will allow our teams to focus on delivering higher value to our clients. The technology leadership and insurance expertise of SimCorp provides us with confidence that the platform will evolve alongside our needs."

Addressing Industry Challenges

With the complexities surrounding the insurance industry—ranging from regulatory requirements to operational efficiency and integrated technological solutions—SimCorp One stands as a timely solution. By selecting this platform, AXA gains access to continuous innovation, comprehensive data management capabilities, and specialized expertise tailored for the insurance sector, positioning itself to adapt to fluctuating investment demands.

The unified data model of SimCorp One is pivotal in addressing the crucial need to balance portfolio management with accounting regulations, ensuring consistent oversight of risks and investments while complying with regulatory standards. This also includes the integration of SimCorp’s Axioma analytics suite, which empowers insurers to enhance risk exposure management across their portfolios.

Ralf Schmücker, SimCorp's Senior Managing Director for EMEA, expressed pride in AXA’s decision to partner with them. He stated, "AXA’s choice reinforces SimCorp’s role as a preferred partner for insurers looking to optimize their investment operations while holding the highest standards of investment oversight and risk management. With a comprehensive solution that integrates a multi-asset system based on a unified data structure, we are well equipped to tackle these challenges and facilitate a comprehensive approach to portfolio management."

Future Directions

In addition to adopting the SimCorp One platform, AXA plans to utilize SimCorp's Managed Business Services for both Data Management and Investment Operations. This will ensure that all platform users have access to up-to-date market and benchmark data along with a comprehensive asset management service across all of AXA’s assets.

The partnership marks a pivotal transition for AXA as it seeks to modernize its investment operations, data management, and portfolio strategies. For further exploration of how SimCorp One can advance your organization’s investment management, visit SimCorp's website.

Conclusion

SimCorp, founded in 1971, stands as a leading provider of integrated investment management solutions for the global buy-side market. With over 3,500 employees, it serves more than half of the world’s top 100 financial companies, underscoring its technological prowess and market leadership. SimCorp is a subsidiary of Deutsche Börse Group and includes Axioma, a leading provider of risk management and portfolio optimization solutions for the global buy-side sector. AXA Group operates as a global leader in insurance and asset management, employing over 154,000 individuals to serve over 95 million customers across 50 countries, demonstrating the potential scale of this partnership.