EY introduces EY Insurance Industry Cloud for SAP solutions

EY has enhanced its Insurance Industry Cloud for SAP solutions offering to help insurance organizations accelerate their digital transformation.

Combining the insurance industry knowledge and experience of EY teams with the SAP Business Technology Platform (SAP BTP), the offering provides organizations with innovative solutions to help them overcome the more urgent business challenges and build long-term value.

EY Insurance Industry Cloud for SAP solutions help to increase the value and reduce the risks of change through providing integrated insights for finance, risk and actuarial, and packaged reporting for compliance; intelligent spend analytics; addressing environmental, social and governance requirements, and taking a whole-of-business approach.

EY Insurance Industry Cloud for SAP solutions are aligned and complementary to EY Accelerate for RISE with SAP, to support clients on their journey to cloud.

Isabelle Santenac, EY global insurance leader, said: “Changing customer expectations, continuous technological advances and the explosion of available data all present compelling performance improvement and growth opportunities for insurers and create an immediate need to successfully transform key parts of their operations, including finance. The EY insurance solutions built on the SAP BTP offer ready-to-deploy assets that will help accelerate innovation and the improvement of finance modernizations within the industry.”

Anton Tomic, global head of insurance at SAP, said: “Especially in the current climate of significant disruptions and change, agile and innovative industry solutions in the cloud that help clients strengthen their core business processes and innovate for the future are key. Together with EY industry and market experience, we are helping clients become sustainable, resilient and intelligent enterprises that serve their customers better.”