eFront announces that its eFront ERM solution is up and running at La Parisienne.
Paris | February 01, 2019 – eFront, leader in publishing GRC solutions (Governance, Risks and Compliance), announces the start of production of its eFront ERM solution for Risk Management and Internal Control within La Parisienne.
Founded in 1829, La Parisienne Assurances has nearly 200 years of experience in the insurance industry and is a pioneer in data processing and blockchain automation. A fully-digital player, the company designs white label P&C insurance solutions for its traditional and non-traditional distribution partners across Europe.
Over the past four years, the company has quadrupled its turnover and recorded, in 2017, another year of strong growth of 44% of its turnover to reach €223M. In 2018, the company expects to achieve a turnover of more than €300M, an increase of more than 36% compared to 2017, of which 1/3 occurs outside France.
In line with the Solvency II directive applicable to insurance companies, La Parisienne Assurances has launched a consultation in order to put in place a complete solution to manage its operational risks, internal control and internal audit functions. After analyzing the market offers, the organization chose the eFront ERM modular suite from eFront.
Mercedes AMIANO, Chief Performance Officer, said: “It was only natural that we chose the eFront solution. It is a rich solution that meets all of our needs and at the same time is easy to use and adaptable to our organization. Collaboration between the teams was decisive in the successful implementation of this tool. ”
Gemini VEERASAWMY, Audit Manager, specified: “We wanted a tool that could offer a multitude of possibilities and that could cover all of our internal control, audit and compliance needs. Our partner eFront has been able to adapt to the “Agile” methodology of La Parisienne Assurances.”
Nicolas Bayon, Director of eFront ERM Services: “We are very happy to count La Parisienne Assurances among our new eFront ERM clients today. Our Project Manager had to work in an Agile mode to meet the strong deadline constraints of La Parisienne. The deployment of this new project enriches the experience of our consultants acquired during the 150 projects already carried out in the deployment of our software suite dedicated to Governance, Risk Management and Compliance.”
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