news aktuell GmbHnews aktuell GmbH

msg life ag: msg life and IBM strengthen insurance digitization by leveraging leading End-To-End platform capabilities for the life insurance & pensions industry outside the German-speaking countries

Share

msg life and IBM Germany are collaborating on the implementation of the msg.Insurance Suite Life, combined with IBM Global Business Services’ core competencies of consulting, implementation and migration. The joint value proposition by IBM and msg life supports insurance companies in the end-to-end digitisation of their life and pension business and can thus strengthen their competitiveness significantly. Leading insurance companies across Europe are already benefiting from the joint solution proposed by msg life and IBM.

(Leinfelden-Echterdingen/Ehningen, Germany): The msg.Insurance Suite Life is an innovative digital software platform that tracks the entire value chain of life insurance companies and pension providers. At the heart of the platform is the leading European policy administration solution msg.Life Factory. It offers insurers the concentrated know-how of more than 40 years’ experience in the industry, the security of msg life’s unique track record, combined with innovative, future-proof business solutions and state-of-the-art technologies. The innovative complete solution enables end-to-end digital processing of all core insurance processes across all components and sets industry-wide benchmarks for business value, efficiency and innovation.

Insurers using the msg.Insurance Suite Life can overcome market challenges, boost their competitiveness and sustainably reduce administrative expenses.

The joint value proposition from IBM and msg life features software solutions from msg life as well as technology platforms like the IBM Cloud. Now with the support from IBM, msg life will be infused with Artificial intelligence capabilities to increase efficiency of clients’ processes due to higher automation rates. IBM brings these competences together in its role as a digital transformation partner and end-to-end platform provider.

msg life contributes its product and licenses to this new partnership. Outside German-speaking Europe, IBM markets and implements the msg.Insurance Suite Life internationally with support from msg life and its strong industry expertise.

For Milenko Radic, Management Board member at msg life, the partnership is the result of a highly successful and trusting collaboration that both companies have shared for more than a decade. Radic continues: “The leading market position and strength of msg.Insurance Suite Life, combined with IBM’s global presence and innovative technologies and platforms, are crucial factors in the successful positioning of the solution as a leading platform for the global life and pension insurance industry. The basis is formed by the long-standing and trustworthy business relationship between the two companies and joint references in strategic transformation projects.”

“Insurance companies today need to find a way to manage life insurance policies that are no longer being sold on the market but still are administered by the insurer. These books of business can present challenges to insurers because the policies often reside in legacy systems that can be hampered by siloed, inflexible and expensive-to-maintain technology,” said Thomas Rechnitzer, Insurance Industry Leader EMEA at IBM Global Business Services, “The combination of IBM’s technological know-how and the msg life policy administration system will allow for faster implementations, increased flexibility as well as reduced risk and operational costs of our clients.”

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. The services of msg life range from the development and implementation of standard software and the provision of consultancy services to the handling of full IT operations (cloud solutions). The msg life Group has its head office in Leinfelden-Echterdingen and offices in Munich, Hamburg and Cologne, plus subsidiaries in the Netherlands, Austria, Switzerland, Slovakia, Slovenia, Portugal and the USA. It currently employs a workforce of nearly 1,200.

About IBM: www.ibm.com
About IBM Services: https://www.ibm.com/de-de/services

Contacts

msg life ag
Frank Fahrner
Corporate Communications
E-mail: frank.fahrner@msg-life.com
Internet: www.msg-life.com

IBM Deutschland GmbH
Beate Werlin
Corporate Communications IBM DACH
E-mail: beate.werlin@de.ibm.com

About news aktuell GmbH

news aktuell GmbH
news aktuell GmbH
Mittelweg 144
20148 Hamburg

+49 (0)40 4113-32589http://www.newsaktuell.de

As wholly owned subsidiary of dpa, news aktuell provides business and organizations with effective access to media and consumers. Via the smart tools ots and zimpel, PR content accesses all media formats, including classical print, high click-rate online portals and social networks. In addition, news aktuell publishes all its customers’ PR content on www.presseportal.de, one of the PR portals with the greatest reach in Germany. By this means, all the relevant multipliers are reached globally, from editors, via digital influencers right up to specialist bloggers and interested consumers. news aktuell has been on the market since 1989. The company, with a staff complement of more than 135, has its headquarters in Hamburg. Other offices are in Berlin, Dusseldorf, Frankfurt und Munich.

Subscribe to releases from news aktuell GmbH

Subscribe to all the latest releases from news aktuell GmbH by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from news aktuell GmbH

Visable GmbH: Applegate and Visable: B2B platform providers forge strategic partnership to strengthen international trade of UK-based businesses22.9.2021 15:22:17 CEST | Press release

Paris / Hamburg / Barnstaple, 22 September 2021 – Visable, the parent company of Europe’s leading online B2B platforms EUROPAGES and wlw (formerly "Wer liefert was"), and Applegate, the premier B2B marketplace in the United Kingdom, have entered into an exclusive partnership. As the official reselling partner in the UK, Applegate is able to offer listings and additional online marketing services on EUROPAGES and wlw alongside its own AI-based sourcing platform. As a result, companies in the UK benefit from greater visibility on the web to promote their products and services to procurement professionals across Europe.

MAAG Music & Arts AG: World premiere: Viva Frida Kahlo – Immersive Experience21.9.2021 14:05:16 CEST | Press release

(Zurich, Switzerland): The first museum for immersive art in Switzerland is opening with a world premiere: Viva Frida Kahlo – Immersive Experience. The preparations for this immersive enactment of the life and work of Frida Kahlo have been two years in the making. The exhibition will be unveiled on 22 September at the new Lichthalle MAAG in Zurich. It will be the first time that the life and work of the iconic Mexican artist will be presented in an immersive format outside of Mexico. Kahlo’s expressive paintings, with their accessible symbolism and colourful, exotic plants and animals, as well as her powerful self-portraits, are the perfect templates for an immersive presentation with video projections and light and sound effects. Visitors will experience Frida Kahlo’s life and work on a completely new level via panoramic projection. “Viva Frida Kahlo – Immersive Experience” offers an insight into the tragic life of the Mexican artist and her creations. Her pictures come to life in the

Justice Initiative: Barnemishandling i Europa: Offergrupper fra 17 land lanserer initiativ for å ta et oppgjør med barnemishandling i Europa20.9.2021 10:32:12 CEST | Pressemelding

På et internasjonalt møte i Sveits lanserte ofres grupper fra hele Europa "Justice Initiative". Med dette politiske initiativet skal overgrep, utnyttelse og andre krenkelser mot barn, spesielt i statlige og kirkelige institusjoner, behandles omfattende for første gang i alle europeiske land. Et forslag om å bringe behandlingen av overgrepssaker opp på et paneuropeisk nivå vil bli lagt frem for Europarådet i Strasbourg i september.

CONNECTED FUTURE20.9.2021 10:28:34 CEST | Pressemelding

The Media Art Festival Seasons of Media Arts is back again in the city! 17 September to 17 October, 2021 The urban Festival of Media Art Seasons of Media Arts is presenting a new edition for the Karlsruhe Summer of Culture 2021. Video, sound, and light installations, projections on facades and on streets, art interventions, and interactive projects with a special focus on local media artists will be on view from 17 September to 17 October 2021 in Karlsruhe’s public spaces.

FREE NOW: Europe’s leading mobility platform FREE NOW increases BEV tours by 71% in 202116.9.2021 11:02:22 CEST | Press release

After introducing its Move To Net-Zero carbon emissions initiative earlier this year, FREE NOW announces its achievements in 2021 on the occasion of the European Mobility Week, which starts today Since January 2021, FREE NOW trips using Battery Electric Vehicles (BEVs) have grown by 71% and the platform has added 20% new BEV active drivers In addition, FREE NOW has integrated almost 130,000 new eScooters, eBikes and electric shared cars in the app, widening its green mobility offer and becoming the mobility platform with the biggest vehicle choice in Europe FREE NOW has offset 173,000 tons of CO2 emissions, covering all the emissions produced by the company and its services from the beginning of 2020 onwards The leading mobility platform will participate in the EU Mobility Week with a number of different activities to raise awareness of sustainable urban mobility (Hamburg, Germany): – FREE NOW, Europe’s leading multi-service mobility platform, today publishes its latest electric vehicl

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom