Transforming trading & operational efficiency through AIM
Suva
Suva, the Swiss national accident insurance fund, is the country’s largest accident insurance provider. The organization employs 4,200 across 18 offices. Like most insurers, Suva’s financial health is heavily determined by the performance of its investments. Around half of the company’s assets are invested in interest rate and credit investments.
“
We had a very modern back office system, but it really didn’t solve our problem.
Arno Hartmann, Head Operations and Technology, Deputy Head Asset Management
Suva
Situation
Bloomberg initially assisted Suva with their complex portfolios in 1999. Suva’s fund managers were using the Terminal but not actively trading via Bloomberg. Fast forward to 2010, Suva realized they needed to modernize and streamline their trading process.
Needed a front office system with high data quality in an electronic trading environment
Lack of a foundation for a real front to back STP process
Problem
Suva had approximately $40 billion in assets under
management and six people working full-time in the back office.
Switzerland’s largest accident insurer was using Microsoft Excel and legal paper to keep track of trades.
Only six people work full-time in the back office
Employees were overloaded and their process wasn’t scalable
Solution
Bloomberg’s Asset and Investment Manager (AIM) service helped Suva streamline trading operations. AIM is an enterprise service that is fully integrated with the Bloomberg Terminal, allowing users to move easily from the Terminal to tools for portfolio management, trading and operations.
AIM allows for lower operational risk while managing portfolio risk using benchmarking, rebalancing and scenario analysis tools
Create a seamless workflow by using AIM to customize your organization’s workspace
Advanced compliance rule building, reporting and complete audit history
“
[With AIM], we don’t lose this high data quality and basically the trade flows from the trading itself, over the allocation — nowadays using the pre- and post-trade compliance steps. Everything else flows down through the processing parts, matching to the settlement, all without any manual interruptions. We didn’t have that at all.
Arno Hartmann, Head Operations and Technology, Deputy Head Asset Management,
Suva
Benefits
AIM offers all the interfaces to all the Bloomberg and third-party trading platforms and matching platforms, such as DTCC CTM
AIM allows users to access all their portfolios on the same system, all using the same high quality data