Africa Re to acquire reinsurance management system

By: Africa Re

Africa Re signs a memorandum of understanding with SAP to acquire a world class 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 on 28 June 2017 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 go in order to offer world class and competitive services to its dear clients. The project, one of the most ambitious ever carried out by the Corporation an 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;
  • Performing multi-currency and multi-language reinsurance operations.

At the sign in ceremony, the GMD/CEO of Africa Re, Mr Corneille Karekezi, emphasised on prioritizing the modernisation of the Corporation’s IT platform and business tools. He urged Mr Pedro Guerreiro, Managing Director of SAP West Africa and his team, to do their best to deliver a platform that will enable Africa Re to 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.

Mr Guerreiro expressed gratitude to Africa Re for choosing SAP for the very ambitious project and promised to do professional job. Mr Corneille Karekezi was joined at the signing ceremony by Central Directors and Senior Managers of Africa Re While Mr Guerreiro was accompanied by senior officials of SAP Nigeria and Hartford Allied Projects Ltd.