Africa Re, SAP sign MOU for acquisition of reinsurance management system

In a bid to modernise its business tools and offer world class services to clients, Africa Re has embarked on the acquisition and implementation of a new Reinsurance Management System. A Memorandum of Understanding was signed between Africa Re and SAP recently at Africa Re Headquarters in Lagos, Nigeria marking the beginning of the project.

At this point, Africa Re intends to enhance its digital transformation embarked on several years ago in order to offer world class and competitive services to its dear clients.

This project, one of the most ambitious ever carried out by the Corporation, aims at supporting all lines of business in the reinsurance value chain; accelerating and improving processes across all reinsurance business functions; enhancing complex real-time business scenarios; upgrading  database and analytics performance; enhancing interface with third party products and performing multi-currency and multi- language reinsurance operations.

At the signing ceremony, Corneille Karekezi, GMD/CEO of Africa Re emphasized on prioritizing the modernisation of the Corporation’s IT platform and business tools.

He urged Pedro Guerreiro, managing director of SAP West Africa and his team, to do their best to deliver a platform that will enable Africa Re maintain its leadership position in the industry. He also insisted on the active involvement of business managers, Central Directors, Regional Directors, Assistant Directors and key stakeholders.

Guerreiro expressed gratitude to Africa Re for choosing SAP for this very ambitious project and promised to do a professional job.