SAP insurance project
Donau Versicherung AG Vienna Insurance Group began operations with the SAP insurance solution in the life insurance segment in July 2009. This is the first time that a standard module for the underwriting core business has been used for a major group. This end-to-end solution includes in-force policy management, invoicing for services, payment transactions and provisioning, and also supports business management tools such as bookkeeping and business intelligence systems.
The Vienna Insurance Group and SAP are working together on the world’s largest project in the insurance sector. What is of significant note is that this SAP solution will not only be used by all of the Group’s insurance companies in 23 countries in the future, but will also support all insurance segments. This innovative IT solution allows business processes to be optimised, thereby cutting costs. With the successful “Go Live” at Donau Versicherung AG Vienna Insurance Group, a further milestone in this development partnership between the Vienna Insurance Group and SAP has been reached.
The expansion of the SAP solution is based on multi-language capabilities, a product-driven approach, flexible process design and auditing acceptability. Standardised, fully automated processes extending all the way to the individual user minimise administrative expenses and increase competitive benefits.
