Swiss Re will consolidate the accountancy technology supporting its asset management business.

The reinsurer said it would implement Microgen software in its operations around the world in order to simplify its accounting processes for its asset management arm, as it handles fast-growing quantities of data.

It will implement the Microgen Accounting Hub, to collect accounting information from disparate systems and standardise them on one platform. This would improve visibility of its systems and assets, it said.

It is also set to use Microgen Aptitude software for business process modelling and automation.

Last year, Swiss Re signed a seven-year extension to its business process outsourcing deal with CSC, covering underwriting, rating, policy issuance and administration, cash processing and reporting.