in|sure PSLife has been awarded the XCelent Technology Award for technical innovation and the consistent use of modern Java technology, thus making it a leader in the field of software solutions for life insurance providers.
The costs are distributed to all users of the software through regular adjustments in line with statutory changes.
With this approach, the actuarial basis is reduced to one effective formula for all products. Hand-in-hand with this comes a significant simplification of the pricing landscape. Target tariffs can be modelled without deviating from the old system.
Both new and existing products can be quickly modelled in accordance with their respective requirements using effective and intuitive tools. A single tool enables the configuration of all aspects of the system (product configuration, plausibilities, interfaces etc.).
All transactions within the contract lifecycle are provided as sample content and can be quickly adjusted: new business, scheduled updating, legal and technical changes, unscheduled additions/disposals and claims processing.
Actuaries, contractual component developers and others involved in development are integrated into the project from the very first day. The insurance company can select how much internal labour it wishes to utilise within the project in order to reduce external costs.
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