HannoverRe Re-Insurance Goes live with iDEAL Funds to automate their Investment management solution
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This feature is upgradeable
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You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information.
For Vendors
Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information.
Speak with an analyst
Financial institutions and their advisors can subscribe to our Analyst Access* service. Effectively phone or (email) a friend you can have on tap advice and support provided by our analysts on this vendor, solution or solution category.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information.
or contact us to discuss a subscription.
Subject to reasonable use.
Survey Summary
The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us.
RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
HOW TO SUBSCRIBE
Please click here for more information on Premium features or contact us.
To learn more about subscribing to our service options, please contact us here
HannoverRe Re-Insurance Goes live with iDEAL Funds to automate their Investment management solution
Mumbai, November 9, 2017– Hannover Re SE, is one of the largest Reinsurers in the world. Headquartered in Germany, In India after recently securing the General Insurance license they decided position themselves as a General Insurance (GI) fintech start-up using Technology as an enabler to automate their entire business process, proposition and servicing. The rating agencies most relevant to the insurance industry have awarded Hannover Re very strong insurer financial strength ratings (Standard & Poor's AA- "Very Strong" and A.M. Best A+ "Superior")
Bringing global expertise of Reinsurance business, Hannover Re was extremely choosy and had very strong Vendor selection criteria.
Front to back Insurance Investment management capability coupled with strong Regulatory (IRDAI) Compliance engine being among the most important considerations for Hannover Re to opt for Credence as the chosen partner.
The considerations where Credence Analytics scored very well are as Solution Maturity, In Built Coverage of regulatory compliance, Leadership Position- Largest market share within the Indian markets, Strong Local Support and Expertise of successful projects within the same segment.
Credence scored outstanding in front of the client with the help of positive brand image created in the market as the most dependable & bankable Insurance Investment Management solution with regulatory compliance coverage from Indian regulatory environment perspective. Strong Credibility, Successful track records of successful implementations, solutions design and maturity & experience in the local market helped Hannover Re choose Credence with confidence of having a seamless implementation & integration with their Core GL (General Ledger) and other third party systems. Moreover ensuring that the out of box solution itself fully covers IRDAI regulatory compliance.
Credence completed complete migration of historical data from date of commencement of investment operations for Hannover Re. The system was delivered from plan/design/develop with migration of data in just about 3 months.
Credence’s strong domain knowledge, Technical expertise within Investment, Insurance & reinsurance industry with world class Implementation methodology and above all proactive approach towards its client’s unique requirements makes it an industry leader.