Policy administration system for life insurance
The upgradeable standard software msg.Life Factory is a policy administration system that features cutting-edge actuarial and financial models and flexible processes.
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The policy administration system msg.Life Factory enables innovative products to be introduced quickly and all business processes to be carried out with great efficiency for private client business and collective business alike (such as company pension schemes). Its modern, service-oriented system architecture based on cloud technology supports various business models from back-office processing to a portal-based B2C approach.
- Upgradeable standard software is a future-proof and safe investment
- Short time to market for innovative product ideas
- Large number of users for attractive cost sharing
- High degrees of automation and prefabrication for efficient contract administration
- Continuous delivery makes it possible to respond quickly to market trends or legal requirements
- The I-Suite Life expansion is preconfigured for complete insurance operations in the life segment
- Covers all business processes, product model with sample content for all popular product families
- CCC architecture (core, country, customer) for customisation in line with standards
- Meets all legal requirements as well as on-premise and cloud security requirements
- Flexible semi-Markov model for calculating present values, contributions and reserves
- The standardised migration process has proven effective many times
- Available as a cloud or SaaS solution
The use of continuous delivery and continuous integration for msg.Life Factory makes it possible to provide quality software releases on a daily basis or in just a few hours.
Launch of msg.Life Factory after 17 months and successful migration of policies
Successful introduction of msg.Life Factory at AXA Switzerland