The Challenge
Several influences, such as a
prolonged low interest rate
environment, low investment
conditions and the Solvency II
regulations, prompted Debeka to
consider new business models. The
challenge was met with a new product
approach – flexible fund-linked
products supported by a flexible IT
system.
The Solution
The ideal extension for for a flexible IT
system had already been available
since 2011 – the in|sure PSLife
computation module from our
company. This module had been
previously used in complex
mathematical applications. And in this
case, it was rather easy to apply the
PSLife functions in other ways besides
the traditional group-wide system.
The Outcome
The project took nine months to
complete, and then the first new
contract was transferred from the
acquisition system to the new PSLife
environment in June, as planned.
Everything worked perfectly. The new
fund-linked products were also very
well received by the market. By the
end of 2017, the Debeka Insurance
Group had issued over 100,000 new
policies.
Let us advise you. We look forward to your call.
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