The entry into force of the SFDR has created new challenges for many insurance companies. This was the case for our client ERGO Belgium, with a portfolio of 130 products, 31 of which fall under Article 8 and 9 classification.
A solution was needed to provide ERGO’s customers with up-to-date sustainability data quickly and easily, with a minimum of data management effort.
After several years of successful experience with a cleversoft PRIIPs solution, ERGO also decided to work with cleversoft for SFDR. Together they created a requirements profile and a concept for the envisaged solution, which could then be implemented quickly.
The result: Anyone who has a life insurance policy with ERGO Belgium now receives up-to-date information on sustainability on a central website. The necessary data is uploaded automatically by the fund managers, which has a positive effect not only on timeliness but also on effort and costs.
“cleversoft helped us to provide information on the sustainability of ERGO’s products. This was done in an efficient and customer-friendly way. This enables our customers to make informed choices and ensure that ERGO’s offering meets their needs in this new dimension. This in turn ensures that ERGO can meet its strategic mission: taking care of the financial health of our clients. “comments Bart Depaemelaere, Head of Product & Pricing at ERGO Belgium.
The next project planned by the ERGO team in Brussels is to integrate the PRIIPS and SFDR requirements and other information into a single solution with a filter function.
We look forward to the joint implementation.