15.12.2015
adesso AG DE000A0Z23Q5
DGAP-News: Münchener Verein Lebensversicherung opts for PSLife as a new inventory and service system
DGAP-News: adesso AG / Key word(s): Incoming Orders/Contract
Münchener Verein Lebensversicherung opts for PSLife as a new inventory and
service system
15.12.2015 / 11:18
The issuer is solely responsible for the content of this announcement.
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Münchener Verein Lebensversicherung opts for PSLife as a new inventory and
service system
This year, Münchener Verein Lebensversicherung a.G. initiated a project to
set up a new inventory and service management system based on the PSLife
software product. The model-based policy administration software for life
insurers was developed by PSLife GmbH, a subsidiary of IT service provider
adesso. PSLife GmbH and affiliated company PSLife Consulting GmbH are
supporting Münchener Verein Lebensversicherung with the introduction and
adaptation of the PSLife software solution.
The new inventory management system will cover the entire product range of
Münchener Verein Lebensversicherung and replace the existing, internally
developed system. PSLife is a state-of-the-art inventory management system
based entirely on Java. The core application of PSLife is the flexible
actuarial function with a Markow calculation module. This allows users to
configure cashflows without needing to write any programming code. Products
whose range of services could previously not be displayed using standard
present value methods can now be presented. PSLife provides for shorter
product release cycles and unique selling points for implementing new life
insurance products.
The project was launched following a selection process comprising various
established software solutions for managing life insurance policies in
Germany, and PSLife came out on top. PSLife is a product of the adesso
Group and was launched in 2011. PSLife is currently being used productively
or implemented by six well-established insurance companies. PSLife can be
acquired as a complete inventory management system or as a package of
individual components and its configuration can be customised. In addition
to the completed PSLife system for life insurers, which has already been
sold to several customers, adesso is currently developing other segment
solutions and will position itself as a provider of state-of-the art and
innovative core products for the entire insurance industry once these are
complete. All products of the cross-segment in|SURE product suite have a
standard platform and apply common, standardised functions. The basic
solution and the segment solutions are designed as modular, releasable
standard software systems.
About Münchener Verein Lebensversicherung
Münchener Verein Lebensversicherung a.G. is a part of the Münchener Verein
insurance group. The origins of the group go back to the cooperative
concept of creating an economic self-help institution for trade and
commerce. It began with the establishment of the Münchener Verein
Krankenversicherung a.G. as the insurance company of the Bayerische
Gewerbebund in 1922. Today the mutual insurance group is active in health
insurance, life insurance and general insurance. It recently ranked first
place in the "Deutsche Servicepreis 2015" and was nominated as insurer of
the year by the Deutsche Institut für Servicequalität (DISQ) in 2015.
About PSLife und PSLife Consulting
PSLife GmbH is a fully owned subsidiary of adesso AG based in Cologne. The
company offers services relating to the PSLife solution, a policy
management system for life insurers. PSLife GmbH can deliver the solution
as a complete package or provide individual components separately. The
affiliated company PSLife Consulting GmbH provides assistance in customised
adaptation, integration and further development.
Contact:
Martin Möllmann
Manager Investor Relations
Tel.: +49 231 7000-7000
E-Mail: [email protected]
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15.12.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: adesso AG
Stockholmer Allee 20
44269 Dortmund
Germany
Phone: +49 231 7000-7000
Fax: +49 231 7000-1000
E-mail: [email protected]
Internet: www.adesso-group.de
ISIN: DE000A0Z23Q5
WKN: A0Z23Q
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (General
Standard), Hamburg, Stuttgart
End of News DGAP News Service
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423709 15.12.2015
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