Taliance, a leading publisher of property investment software, has announced the successful deployment of its FinAsset asset management software at Ethias, the fourth largest insurer in Belgium.
Ethias manages assets worth 18 billion Euros, 365 million Euros of which is invested in direct real estate. Its core real estate assets mainly consist of nursing homes and offices. Ethias has decided to double the share of its real estate investments over the next five years. The real estate department at Ethias chiefly manages its owner-occupier status. In response to the investment strategy, the insurer decided to rethink its organisation and working methods. To achieve this target, Ethias needed an effective real estate information system that was able to manage its growth objectives.
Lars Dupont, manager of the Ethias real estate department, said: "To manage our real estate portfolio, we needed software that could adapt to our needs as an organisation. The chosen solution also needed to be capable of automatically recovering and managing data from multiple sources. FinAsset proved to be the best solution available on the market. Moreover, the combination of FinAsset and MyReport allows us to create our own indicators and to easily respond to reporting needs that are becoming increasingly important."
The need for improved productivity in optimising the real estate performance of Ethias’ assets was a key objective and drove its decision to invest in an information system. This was coupled with the need to anticipate the arrival of new regulations and the desire to improve the asset managers' working procedures.
"FinAsset allows us to anticipate the traceability and strategy demands imposed by Solvency II, increase our productivity and provide our teams with more stimulating work by making it possible for them to concentrate on optimising their portfolio", Lars Dupont said, "Taliance has provided us with a rich, scalable solution that can anticipate market developments."
The project has been implemented iteratively: "This working method has made it easier to set up FinAsset within our organisation", affirmed Lars Dupont, “It has allowed us to play an active role throughout the project stages and refocus our initial vision in light of developments. We were impressed by the commitment demonstrated by the Taliance staff, their professionalism and the quality of their service."
Ethias is now evaluating the possibilities offered by Global Fund, Taliance’s modelling and financial analysis software.
Ethias, the Life and Non-Life insurer, undertakes to foster a mutually beneficial relationship with its partners in the public sector and their agents, along with companies and private individuals who place their trust in their company. It undertakes to provide them with first-class products and services that offer the best possible value for money, to ensure lasting profitability in accordance with their fundamental values of humanism, ethics, commitment and proximity.
Further information is available on its website: www.ethias.be
Taliance is a leading developer of IT solutions for the investment-property market. The company provides top professionals with outstanding support and high-performance software. Taliance is proactive in coming up with solutions for clients that respond to both today’s and tomorrow’s market developments. The company has brought major advances to the market, such as the integration of asset management in IT systems and creating a data protocol for legal and property data. Taliance has won and retained some of the most dynamic clients in the market, including AEW EUROPE, ALLIANZ, AMUNDI, AVIVA, AXA REIM, BNP PARIBAS REIM, HSBC, INTERNOS REAL INVESTORS, NATIXIS CAPITAL PARTNERS, SOCIETE GENERALE and UBS.
For more information, please go to: www.taliance.com