Digital Insurance Agenda

msg life: preparing digital insurance for take-off

Written by Roger Peverelli and Reggy de Feniks - Founders The DIA Community on Oct 15, 2017

German msg life is one of the leading IT specialists for insurers, with over 35 years’ experience and actuarial expertise. The combination of actuaries’ and IT professionals’ specialist knowledge as well as tried and tested expertise, allows msg life to offer their clients decisive competitive advantages. Their portfolio extends from customized consultancy and professional services to mature standard software products and all-inclusive solutions that cover every aspect of the insurance business. Their products and solutions are not only deployed successfully in life insurance and retirement planning, but also for non-life, personal liability and health insurance.

The solutions from msg life support insurance companies from all lines of business to cope with current and future challenges. msg life supports the entire value chain – from product development to brokerage and online sales, and from initial offers through to the payment of benefits. The high degree of standardization enables the msg life solutions to be implemented and put into production quickly and at low cost. Flexible customization, payment models and SaaS/cloud solutions give clients the maximum freedom to use. msg life software supports multiple clients, currencies and languages and so can also be deployed immediately in an international context.

msg life group has its head office in Leinfelden-Echterdingen and offices in Munich, Dusseldorf, Hamburg and Cologne, as well as in the Netherlands, Austria, Switzerland, Slovakia, Slovenia, the Czech Republic, Poland, Portugal, Spain, and the USA. It currently employs a workforce of nearly 1.000. Clients are Axa, Ergo, Canada Life, Helvetia, Uniqa, Viridium, Zurich and many more.

Advantages for insurers
msg life always keeps an eye on the challenges of the industry such as new regulatory demands, greater administrative efficiency, growing cost pressure, digital transformation, and InsurTech. As a considerate partner, they help insurers adapt to changing customer behavior, develop new products and put them on the market quickly and cost-effectively securing their competitive edge. Empowering insurers to offer more dynamic solutions for the client as an alternative to traditional Life Insurances business that is imperiled by low interests and
develop new competences in modern and IT-supported asset management and investment advisory.

A Robo advisor to the insurance industry
msg life partners with Frankfurt-based Fincite, a software provider who engineer Asset Management. Integrating the intelligence of Fincite’s robo-advisor into msg life’s customer self-service online portal allows insurance corporations to develop and offer individualized investment solutions. As msg life offers market leading software solutions for all insurance core processes, they bring along the actuarial expertise that enables insurers to implement efficient automation processes combined with powerful analytical capabilities. Along with Fincite, that provides all parts of the value chain of digital asset management and therefore offers tools for a 360 degree customer-view, this cooperation will offer a completely new way of customer interaction and policy management.

 

Why we selected msg life for DIA Munich
msg life has been setting standards in the market with its software and consulting solutions for insurance companies. Creating intelligent and innovative ideas and solutions that are key for the insurance business. With their deep and ingrained knowledge, they empower insurers to offer more dynamic solutions as an alternative to traditional Life Insurances business that is imperiled by low interests and develop new competences in modern and IT-supported asset management and investment advisory.

The cooperation with Fincite that provides all parts of the value chain of digital asset management, including innovative tools for a 360 degree customer-view, offers a new way of customer interaction and policy management. Opening up new revenue streams, improve customer engagement, and increase cost savings.

msg life and its partner Fincite will showcase a live demo of the Retirement Solution at DIA Munich. The showcase also demonstrates how the Retirement Solution can be used in a corporate environment for triggering processes.

Who is msg life?
Founded in 1980, msg offers over 35 years’ experience and exceptional actuarial expertise.
Members of the Executive Board of msg life ag are Rolf Zielke (Spokesman), Bernhard Achter and Dr Aristid Neuburger. The largest shareholder msg systems has over 6,000 employees at offices in 25 countries and generates annual revenue of EUR 812 million (2016).

Key investor: msg systems group (Ismaning, Germany).

      
Mr. Milenko Radic, Managing Director msg life & Mr. Ralf Heim, Co-CEO Fincite

Website: www.msg-life.com & www.fincite.de

Presenter 1: Milenko Radic
Presenter 2: Ralf Heim

Contact info: Markus Scheffler
Email: [email protected]
Telephone: +49 162 2960 527

Super Early Bird

DIA Munich 2022

00 Days
00 Hours
00 Minutes
00 Seconds
Secure your seat!
Purchase your Super Early Bird Tickets for DIA Munich 2022 here! Join Now