23.01.2017
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msg life ag: msg life with a successful launch at HUK-COBURG
DGAP-Media / 23.01.2017 / 10:07
msg life with a successful launch at HUK-COBURG
- The first customer has gone live with the entire JEE-based
msg.Life Factory
- The new JEE mathematics, msg.Life Product, are also in operation
(Leinfelden-Echterdingen, 23 January 2017) - Shortly after the new year,
msg life ag successfully launched the JEE-based policy management system
msg.Life Factory, including the mathematical product component msg.Life
Product (msg.LP) and the contract component msg.Life Contract (msg.LC), for
its long-standing customer HUK-COBURG Lebensversicherung AG (HUK-COBURG,
Coburg).
This makes HUK-COBURG the first customer of msg life to utilise msg.Life
Factory in its entirety, including the two key components msg.LP and
msg.LC, as a purely JEE-based system. Work on the introductory project was
completed in just one year in line with the exceptionally challenging
schedule.
This launch will allow HUK-COBURG to map all future new business relating
to the defined products with the new product component msg.LP.
Additionally, msg life expects to continue to attract customers in
connection with this modern solution. The promising sales pipeline for
msg.Life Factory is partly due to the fact that, with msg.LP, potential
customers can adapt their product designs to the substantial challenges of
the persistent low-interest phase more quickly and with more flexibility.
msg life developed the component msg.LP in a service-oriented architecture
(SOA) on the basis of JEE. The same applies to all of the other components
of msg.Life Factory that have long been available in JEE and are being used
by a wide range of customers. With msg.LP, all of msg.Life Factory will now
be available to new and existing customers as a purely JEE-based system.
The range of services provided by msg.LP is leading on the markets of the
German-speaking countries and even meets international requirements. In
combination with msg.Life Factory, the most cutting-edge policy management
system for life insurers in Europe, with the latest tools and methods
msg.LP delivers levels of flexibility and efficiency that are unrivalled on
the life insurance market.
Furthermore, all of these solutions have been integrated into msg.Insurance
Suite (msg.I-Suite), the common insurance platform of the msg Group. msg.I-
Suite represents the first holistic industrial standard for all sectors of
the insurance industry. The platform covers and integrates all necessary
system components for an insurance company.
Its underlying component architecture is characterised by a high degree of
end-to-end prefabrication, makes it easy to integrate existing solutions
and features a wide variety of potential applications with high
releasability and low maintenance costs.
About HUK-COBURG Lebensversicherung AG
HUK-COBURG Lebensversicherung is a provider of term life insurance, capital
insurance, pension insurance, fund-linked life insurance and pension
policies and additional disability, accident and surviving dependants'
pension insurance. In 2015 HUK-COBURG Lebensversicherung generated an
income of 670 million euros from contributions. It is part of the HUK-
COBURG Insurance Group which, with more than 11 million customers, is a
major insurer of private households with traditionally low-cost policies.
With an income of 6.6 billion euros from contributions in 2015, it is one
of the ten largest insurance groups in Germany. Its traditional focus lies
on vehicle insurance and, with 10.7 million vehicle policies, it is the
largest car insurer in Germany. It is the second-largest insurer in the
field of private liability and household insurance. HUK-COBURG is based in
Coburg and employed a total of around 10,000 people at the end of 2015.
About msg life
As part of the independent, internationally active msg Group, msg life ag
and its subsidiaries are among the leading software and consulting
companies for the European insurance sector. Their products and services
range from standard software through consulting services to the assumption
of responsibility for IT operations (cloud solutions).
The msg life Group has its head office in Leinfelden-Echterdingen and
offices in Munich, Düsseldorf, Hamburg and Cologne, plus subsidiaries in
the Netherlands, Austria, Switzerland, Slovakia, Slovenia, Poland, Portugal
and the USA. It currently employs a workforce of over 900.
Contact
msg life ag
Corporate Communications
Frank Fahrner
Humboldtstrasse 35
70771 Leinfelden-Echterdingen
Tel.: +49 (0)711 949 589 730
Email: [email protected]
Internet: www.msg-life.com
End of Media Release
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Issuer: msg life ag
Key word(s): Information technology
23.01.2017 Dissemination of a Press Release, transmitted by DGAP - a service
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Language: English
Company: msg life ag
Humboldtstraße 35
70771 Leinfelden-Echterdingen
Germany
Phone: +49 (0)711 94958-0
Fax: +49 (0)711 94958-49
E-mail: [email protected]
Internet: www.msg-life.com
ISIN: DE0005130108
WKN: 513010
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP Media
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