How Covéa Group Consolidated Its Reinsurance Repositories in under 12 Months


Unify the reinsurance software used by GMF, MAAF, and MMA

Consolidate the repositories of each unit into a single platform

Implementation of a universal system to meet Solvency II requirements


Successful project carried out in less than 12 months

Benefited 50 users within the Covéa Group 

Managed 1,297 treaties and 218 cedant companies in 35 countries 

Achieved compliance with Solvency II regulation 

The Challenges

  • Addressing the Management Differences Between the Three Entities
    Each of GMF, MAAF, and MMA were using the same reinsurance software, but with different processes, various historical data, and typologies. This posed a significant challenge to unifying their systems.
  • Meeting Solvency II Regulations
    The different units within the Covéa Group needed to prepare for Solvency II requirements, necessitating adjustments to the project plan.

The Solutions

  • A preliminary study was launched, and the platform was operationalized within the defined deadlines. 
  • The internal and external teams collaborated to converge processes, with the project management team supervising every step and the IT teams implementing the technical architecture. 
  • Covéa closely engaged with external teams, including Duck Creek for functional expertise and development capabilities, and consulting firm KPMG for project management coordination.

The Impacts

A Corporate Reinsurance Information System

Just one year after implementation, Covéa was already witnessing the benefits of group reinsurance management software. Streamlined systems facilitated the standardization of accounting practices and consolidation of reinsurance processes.

Compliance with Solvency II Regulation

The centralized corporate reinsurance system enabled Covéa to achieve the «fast close» objectives set by the Solvency II regulation, ensuring enhanced control of group reinsurance activities. Also, the automation of reinsurance operations lessened delays in closing periods, a requirement imposed by Solvency II.

About The Customer

Covéa is a French mutual insurance company that provides coverage for property, liability, and reinsurance businesses. Formed by the merger of French mutual insurance companies GMF, MAAF, and MMA, Covéa serves over 11 million policyholders and generates 16.3 billion Euros in premiums. They employ 21,000 people in France and 5,000 in six other countries (Italy, UK, US, Luxembourg, Spain, Canada).  

Covéa is rated A+ by Standard & Poor’s and A by A.M. Best, and is rated No. 1 for solvency ratio amongst the top 20 European insurance groups. They undertook the ambitious project of consolidating their reinsurance operations across their entire group. Explore more.

United Kingdom / France

Property & Casualty Insurance

Products/ Services Utilized

Talk To Sales Today

The only way to see if Duck Creek is the right fit for your P&C insurance business is to see it in action.

View More Case Studies

Case Study

Gainsco Customer

Find out how Duck Creek modernized Gainsco’s tech to support expansion into 44 …

Read More
Case Study

How Aréas Submitted Regulatory Reports In Record Time With Duck Creek

Learn how Aréas modernized the management of its regulatory obligations by automating …

Read More
Case Study

Unlocking Efficiency and Control: FBL’s Transformation in P&C Reinsurance

Read to learn how FBL Financial Group streamlined P&C reinsurance with Duck Creek …

Read More