Murex implements MX.3 platform-based tech for Polish insurer PZU

Murex announced it’s served as a critical technology partner for PZU Group in the implementation of a platform solution to manage the insurance firm’s own investments and assets, as well as those of its customers.

Warsaw-based PZU is a financial institution and insurance provider in Poland and a major player in Central Europe. The newly executed, cross-asset front-to-back-to-risk portfolio management solution providing collateral and order management and important compliance and security features, is modeled on Murex’s market-leading MX.3 platform. The implementation was delivered through a governance framework and tri-party model between DXC Luxoft, Murex and PZU.

As remote working became the norm, all aspects of the project became remote. The go-live itself was remote, with no Murex site presence at PZU. Even so, the project was completed on time and on budget.

The infrastructure upgrade provides important domestic and international benefits for PZU. It enhances the quality and speed of information provided, supporting growing client needs at home, and gives PZU flexibility to enter new jurisdictions, facilitating effective portfolio service for clients outside Poland.

The major focus of the project is to build a sustainable, long-term investment process that boosts and sustains rate-of-return on investments and secures larger assets under management.

“In the coming years, we will focus on increasing the share of external clients’ assets and building an investment process that will facilitate the generation of above-average and repeatable rates of return on investment. The implementation of a new technology solution is closely related to the achievement of our goals,” says Tomasz Kulik, Group CFO at PZU, in a statement.

Read the full release

Related Posts

Previous Post
What we learned on TRS from the FT Comments section
Next Post
Regtech SteelEye announces US expansion plans after $17mn fundraise

Related Posts

Fill out this field
Fill out this field
Please enter a valid email address.

Menu
X

Reset password

Create an account