msg life and Fincite present Robo-Advisor solution for the insurance industry
Joint presentation at DIA, the world’s largest insurance technology conference – Fincite application for pensions to be integrated into msg life customer portal
(Leinfelden-Echterdingen, 15 November 2017) – msg life and the Frankfurt-based fintech firm Fincite present a joint solution for the insurance industry at Digital Insurance Agenda (DIA) in Munich, the leading conference for the industry: with the title ‘Robo-Advisor meets customer self-service portal’, the two companies are presenting together how digital consulting and digital asset management can be combined to create a unique customer experience and services for customers of insurance companies.
‘Life insurers are faced with enormous challenges,’ states Milenko Radic, Managing Director of msg life central europe gmbh. ‘Providers need innovative products that their customers can both transact as well as make changes to via digital channels. In times of life insurance products oriented on the capital market, the importance of digital advice with regard to the investment strategy is growing. The integrated Robo-Advisor from Fincite is an excellent solution for doing so and is already being used successfully by renowned financial services providers. Together with msg life, it can now open up new opportunities in advising, customer retention and sales for insurance companies.’
The starting point of the collaboration between msg life and Fincite is the Web-based self-service portal msg.Online Insure: Similar to online banking, it offers all life insurance transactions on one easy-to-use interface – around the clock and on all devices. With the integration of the Fincite platform Fincite.Core into the msg life product, end customers are able to analyse, monitor and optimise their existing portfolios and pension plans. ‘msg life and Fincite are therefore responding to the expectations of end customers for an integrated digital insurance company,’ notes Milenko Radic. ‘In a few years, it will be normal for customers to click a couple of times and see how well their pension plan is developing and how this affects their personal financial planning,’ adds Ralf Heim, Co-CEO of Fincite.
DIA is the world’s leading conference for insurance technology companies. Following conferences in Amsterdam and Barcelona, it will be held for the first time in Germany on 15 and 16 November 2017.
The Frankfurt-based company Fincite is a software company active in digital asset management. With its platform Fincite.Core, Fincite forms the foundation for Robo-Advisor and other digital asset management products. Using Core, financial services providers are able to analyse, monitor and optimise existing portfolios as well as create dynamic savings plans – even across multiple accounts. Fincite stands for new and networked banking that places the portfolio performance of the end customer in the forefront. Today, the team consists of more than 60 people at two locations and has more than 15 well-known customers. Within just a few years, Fincite has managed to become one of the fastest-growing and most profitable fintech companies in Europe thanks exclusively to only its own generated revenue.
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 nearly 1,000.
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