Customer Snapshot: Overview
Among the top 20 insurance companies in Europe
Ageas has been in the business of insurance since 1824, has been named one of the top 20 insurance companies in Europe, and has plans to expand Eastward to Asia. After 190 years, they have an established set of solid best practices in place from sales and operations to finance and it was time to streamline those processes in one Run Simple solution.
Number of Employees
Line of Business
Asset Management, Platform and Technology
SAP HANA Enterprise Cloud, SAP S/4HANA
Customer Snapshot: History
Providing Peace of Mind When Customers Need it Most
Ageas teamed up with SAP to adopt the industry’s first end-to-end insurance software in the cloud deployed by a single software vendor. The hosted, end-to-end enterprise insurance software is built on SAP S/4HANA, which delivers simplified customer engagement tools through the SAP HANA platform.
Customer Snapshot: Business Model
Ageas employs more than 13,000 people in the consolidated entities and over 30,000 in the non-consolidated partnerships, and has reported annual inflows close to EUR 26 billion in 2014. Ageas has chosen to concentrate its business activities in Europe and Asia, which together make up the largest share of the global insurance market.
Customer Snapshot: Success Strategy
Enter SAP: The SAP Experience
Ageas has been very pleased with the solution. Powered by hybris, the new system seamlessly incorporates more than 30 SAP solutions and omnichannel functionality. The core insurance solutions support all aspects of the insurance business: policy administration, quotation, underwriting, claims, commissions, collections and disbursements, as well as finance, procurement, HR and enterprise analytics, all deployed on SAP HANA Enterprise Cloud.
Everything in one place.
While Ageas insurance covers local businesses, their reach covers the globe. The end-to-end enterprise insurance software, built on SAP S/4HANA, enables the transfer of knowledge and know-how across the company, providing a competitive advantage to Ageas and its partners. With cloud-based connectivity, knowledge sharing is just one of the many ways SAP helps Ageas Run Simple.
Staying ahead of the technology curve is vital to success.
Better Business: Benefits
Better Business: Run Simple
The Future Looks Brighter Than Ever
Moving forward, Ageas plans to launch the suite next at its new joint venture in the Philippines. The company is pleased with the new solution, which helps Ageas focus on what matters most – its customers and the core of its business – instead of technology and business processes.
Moving full-speed ahead with the right partner by their side.