Passionate to deliver

Pension and Insurance

REGULATION VS. DISRUPTION, TOUGH TIMES FOR INSURERS!

You, insurers, already under constantly evolving regulation (Solvency II, MIFID II, Priips…), are now confronted to:

Disruption : clients are seeking direct capital-related protection and services.

Vermeg delivers open-architecture applets and servicing for time-to-market business.

Disintermediation : your clients are expecting unlevelled availability and immediate valuable servicing.

Vermeg delivers on-time reporting and data management.

Digitalisation : as client are connected “24/7”, your back-office requires lean processing and data protection.

Vermeg delivers back-office as a commodity, with a real-time digital connection.

Solife© for pension and insurance
  • Individual / Group Life insurance processing
  • Digital STP for clients and intermediaries
  • time-to-market product innovation
  • End-to-end management from subscriptions to claims
  • Regulatory compliance & continuous update
  • Fast legacy scale-up

Solife© is a comprehensive and best-of-breed Policy Administration System, designed by and for Insurers, upon a 20-year knowledge and practice of user experience.

It enables Life and Health Insurance Companies to manage end-to-end their new businesses, policies and claims, with all required supporting features: cash and events management, accounting feed, distribution and fees management, reinsurance, tax and legal, dedicated reporting, claims management...

Solife© extensive library of API’s enables seamless integration with banking networks, intermediaries and partners, digital insurance portals. For faster turn-key deployment, you might prefer Solife© native Digital process layer, using state-of-the-art technology along with multi-device responsive design.

Solife© is your best answer, either for Greenfield Delivery and/or Legacy
De-leveraging.

SOLIFE© for Pension & Insurance Multi Devices Solife© Digital Life Insurance (Protection & Saving) Health Insurance API enabled Group Insurance (Employee Benefits) Soliam© for Asset Owners Palmyra Easy-Migration Tool Physical Networks Intermediaries & Distributors Solife© Core Product Design New Business & Sales tooling Policy Lifecycle (Payments-Policy-Claims ...) Distribution network management Standard market connectors STP configurable workflows

Client orientation and defragmentation as Solife© is a comprehensive solution covering both group and individual Insurance for savings, protection and health within One single solution

Continuous update on legal evolutions (Mifid, Priips, IMD2, …)

Consistent and STP Backbone for digital processings (APIs, Responsive design, digital signing…)

Significant reduction of administration cost, thanks to the high level of automation

time-to-market delivery thanks to unrivaled flexible and easy to use product-design workbench

Built-in multi-distribution design

SOLIFE FOR … A GROWING SAVING BUSINESS

Our client is a major Insurer in France, acting as a factory for Life Insurance and Savings Contracts, in a highly multi-distributed context, serving multiple banks and various distribution networks.

He already had a sound market position in Savings Business, but not yet the desired market share in Protection Business. Existing in house Legacy Systems, Closed-Architecture and Team Culture did not enable to deal with this strategic Market evolution.

His ambitions were to :

Go Live rapidly on a new policy administration system
Migrate directly a portfolio of about a 50.000 policies as of Day-1
Integrate in existing banking network and distribution portals
Turn into Open Architecture with know-how transfer for future Businesses
Become 100% autonomous and flexible in new products design

After 8-month Project, he has built with Vermeg & Solife© solutions a common success :

Go-Live of a complete new product range in Protection Business
3-year growth up to 800.000 policies
100% Autonomy on new business initiatives under Digital deployment strategies
Decommissioning of Legacy debt.
SOLIFE FOR … A TIME-TO-MARKET OPPORTUNITY

As a Luxemburg subsidiary of a large European Insurance company, our Client had to seize an immediate opportunity for a new Business. This opportunity required the Setup of a multi-branch and multi-fund Hub in Luxemburg.

Acting as a One-stop shopping partner, Vermeg delivered comprehensive solutions with Solife© and added-value Servicing. After 1.5-month Project :

New Business offering is Live on the market, thanks to extensive catalogues of Solife©, gathering 1.5 Billion EUR additional collect in 1 year;
Connectivity with Investment Management Systems is implemented (required for Premium Financial Products);
Front-Office enables access to all policies and portfolios, for external partners & intermediaries;
SaaS (Software as a Service) is implemented thanks to our Solfia structure. We provided a solution in a private Saas (to comply with Luxembourg Regulation Vermeg has a “PSF-compliant” Label approach)

With Solife© & Vermeg’s Managed Services, experience how to :

Accelerate decisions on time-to-market opportunities
Cut costs on Legacy and technical infrastructures
Enhance your Business expertise & autonomy
Implement flexible and reactive Digital connections