Client SuccessGroupama Gan Vie (GGVie)
Groupama Gan Vie (GGVie) Chose Clearwater for a Comprehensive Solution to Strengthen Unit-Linked Insurance Position
Groupama Gan Vie (GGVie) is the 9th largest multi-line insurance company in France, supporting 6.5 million customers and members. To strengthen its position as a major provider of Unit-Linked Life Insurance, GGVie wanted to acquire a complete, scalable front-to-back solution to mitigate operational and regulatory risks.
Market / Insurers
The Groupama Group's sole personal insurance subsidiary, with 4.8 billion euros in turnover in 2022, Groupama Gan Vie, or GGVie, designs, underwrites, and manages life and health insurance contracts, including savings, retirement, protection, and health, marketed by the Group's five distribution networks: Groupama Regional Banks, Gan Assurances, Gan Patrimoine, Gan Prévoyance and Gan Eurocourtage.
Headquarters: Paris, France
Website: https://ggvierecrute.fr/
$5+
Billion Assets Under Management
1,925
Employees
5
Locations
Challenges
- Streamlining and automating order book management for improved efficiency
- Enhancing control of financial risks by effectively monitoring asset-liability matching
- Ensuring rapid scalability to cater to high volumes and evolving requirements, including diverse investment supports
Results
- Significant adaptability options (integrated configuration consoles, connectors, and optional modules, etc.)
- Absorbs increasingly large volumes, while maximizing the automation of management operations (processing of orders and feeds, identification of asset-liability gaps, regularizations, etc.)
- Customized dashboards, exception handling, and high value-added tasks
"We wanted a scalable solution that would not only cover our functional needs and address our challenges, but also provide rich connectivity with Policy Management Systems, custodians, and market data feeds, available customization options such as compliance rules, reporting, dashboards, KPIs, and import formats and the ability to diversify investment vehicles.”
