Product innovations in German life insurance
Digitisation is no longer just a buzzword. The business world has been completely transformed by technology and the digital transformation, and the insurance sector is certainly no exception. In order to survive today, every insurer must master digitisation. Affected by the multitude of fast-paced changes and requirements, insurance companies are in particular need of new strategies to create a better service chain, make operational and customer customisation a matter of course, innovate digital products and services in real time while simultaneously optimising operating costs and increasing efficiency – especially in terms of back-office functions. For this to work, a powerful IT system is key.
As a highly effective cloud-based installation, the Unified Administration Platform (msg.UAP) guarantees a technology that can keep up with these demands. Our solution meets the requirements of insurance companies looking for a powerful and cost-effective management system that covers the entire insurance value chain and promises flexible implementation. msg.UAP is ideal for both innovative newcomers or proven veterans with disruptive business concepts who require a flexible and customisable standard solution that allows quick technical execution.
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FULL LIFE CYCLE SUPPORT
As a release-driven standard solution, the Unified Administration Platform assists the entire product life cycle – from the definition of verifiable and saleable products to offers, contracts and comprehensive back-office processes.
Our solution enables back-office processes to run completely automatised and parameterised – in other words, tailored to your specific needs.
Harness the true power of real time when designing new products or product packages as well as preparing their market launch. Real-time access also facilitates making changes on various existing objects like contracts. In addition, the Unified Administration Platform enables the real-time dimension of your entire range of processes in your operation – from delivery, testing and production to maintenance.
The seamless integration of our software with your other existing applications reduces the time required to develop and launch products on the market. The Unified Administration Platform is a fully integrated system with open interfaces. For third-party systems, the platform is available via web services. This means that the integration is possible for a wide range of clients (e.g. distribution, in-house developed applications of insurance companies, BPM, DMS).
THE POWER OF THE CLOUD
As a distributed system, the Unified Administration Platform is enhanced with numerous capabilities including auto scaling, advanced resilience and self-healing mechanisms, replications over different data centres and time zones, detailed monitoring, 24/7 availability, modern security technologies and all the other benefits of cloud environments.
COMPREHENSIVE DevOps SERVICE
Due to the fact that our software solution is cloud-ready, msg life is able to deliver both the application environment and software maintenance as well as technical operations. Its flexible financing models mean that the service can be customised to suit our clients’ individual needs and requirements.
Tel: +49 711/9 49 58-0