This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

UNIQA Defies Low-Interest Environment With Innovative IT

SimCorp, a leading provider of investment management software and services for the global financial services industry, today announced that UNIQA Insurance Group AG (UNIQA), one of the leading insurance groups in Central Europe with assets under management of more than 26 billion Euros, has gone live with XpressInstruments, the structured products module of SimCorp Dimension.

XpressInstruments will support UNIQA’s strategy to reap the potential returns of structured products in a historically low-interest environment, without losing sight of the necessary risk management. With the extension of its SimCorp Dimension solution to include XpressInstruments, the Austrian insurance company now uses SimCorp's cutting-edge system as an integrated solution for the investment management of both more conventional instruments and structured financial products.

UNIQA has used SimCorp Dimension since 2004 as a unified, transnational platform for investment management, international accounting and risk management. Meanwhile XpressInstruments was developed by SimCorp as a module to support complex, non-standardized financial products quickly in the system, without having to take the usual software update cycles into account.

Structured products can now be managed by UNIQA in parallel with conventional financial instruments in an integrated system across the entire value chain from pricing and risk management to settlement. In comparison to stand-alone solutions for managing structured products, as often used in the industry, the operational risk is thereby reduced dramatically. In addition, the ability to monitor the entire range of investments, including structured products, in one system, aids UNIQA’s implementation of Solvency II.

“The market for structured products is hugely dynamic,” explains Kurt Svoboda, Member of the Board and Chief Risk Officer of UNIQA Insurance Group AG. “For the management of our portfolio of structured products, the new XpressInstruments module helps us to sustainably measure and control capital requirements. Thanks to the flexibility of the software, we feel well prepared for the new challenges to come.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $92.69 -0.59%
FB $119.49 1.40%
GOOG $711.11 1.40%
TSLA $214.84 1.60%
YHOO $37.23 0.79%


Chart of I:DJI
DOW 17,740.63 +79.92 0.45%
S&P 500 2,057.14 +6.51 0.32%
NASDAQ 4,736.1550 +19.0610 0.40%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs