German insurer Continentale Insurance Group has selected investment management software solution SimCorp Dimension as its future investment management system.

SimCorp said the solution will supports the entire investment management process, and will provide the insurer with extensive opportunities for automation, which is particularly important for the management of its fund-linked life insurances.

According to SimCorp, the German insurer will use the system front to back, specifically to support its portfolio management operations, for controlling and accounting as well as for regulatory reporting.

SimCorp Central Europe managing director of sales and product management Ralf Schmucker said SimCorp Dimension’s ability to provide seamlessly integrated functionality within a single software solution gives insurance companies a real competitive advantage.