Argentinian-based insurance company Cooperacion Seguros has chosen SAP as a partner for the transformation of its business core.
Cooperacion Seguros, the insurance company established in 1926 in Argentina, has chosen SAP as a technological partner for the transformation of its business core into a project that relies on a cutting-edge technological infrastructure and architecture, mounted in the cloud and serving the more demanding quality, security and high availability policies that the industry demands.
This initiative is the first SAP implementation in Latin America of the complete insurance suite, including the modules that concern the management of policies, collections, claims, incentives and commissions, reinsurance, master data management and SAP Analytics Cloud, with a renewal of processes that will continue to be deepened in future stages, expanding the functionalities with additional modules and enriching the possibilities of business development.
Luis Jorge Ferro, General Manager of Insurance Co-operation, said: “We have long made a strong investment in systems, with the aim of obtaining more processing speed, quality and precision in handling large volumes of business information and with it the possibility of growing more easily.
“For the project an international interdisciplinary team was formed with professionals from both companies and the supplier ecosystem, which achieved this first implementation that today is reaching the commercial network with the incorporation of more than 900 advisory producers.
“Today the immediacy, technology and efficient management of data are a necessary condition for the growth of any business. With this change, Cooperacion Seguros adopts the highest international insurance standards and is a differential that positions us strongly in the market.”
The project also foresees to reach all the businesses with the new software that, through the comprehensive review of the processes, implies adopting the best insurance practices at an international level with a significant impact on daily operations and services for the commercial network and insured.
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