As part of the realignment of their business strategy a German insurer has chosen XENTIS to manage their investments. The basis for this decision was the high level of functionality, user friendliness and the optimal price/ performance ratio offered by XENTIS. With the acquisition of an additional client in the insurance sector, Profidata Group (Profidata) has further consolidated its position as the investment management provider of choice to insurance companies.
XENTIS was able to particularly stand out from its rivals due to its investment controlling functionalities. Because the German insurer is organised in the form of an insurance conglomerate and there was a requirement to avoid risk concentrations regarding investment and credit volume in its subsidiaries, it was necessary to map the individual organisation units via a modifiable portfolio structure.
Compliance with investment limits in accordance with investment ordinance (AnIV) ex-ante and ex-post was assessed in addition to the position keeping and portfolio analysis of illiquid and thus theoretically valued interest-bearing securities in the XENTIS Front Office. Moreover, the German insurer not only reviewed the compilation of statements for insurance regulatory reporting but also the comprehensive possibilities for a Solvency II implementation in XENTIS.
Flexible management of master, transaction and positional data, which can be called from anywhere in the system and extracted using simple queries, was paramount in this regard.
Furthermore, the German insurer placed particular importance on the ability to create new products at any time in XENTIS using financial instrument modelling, to display the life cycle of these products using parametrisable transaction types, and to book them in accordance with national and international accounting standards.