Life & Health Insurance
- A comprehensive and best-of-breed policy administration system, designed by and for Insurers, upon a 20-year knowledge and practice of user experience
- 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 etc.
SOLIFE value for our clients
Client stories
Client 1
Client 2
Challenge
> Secure and accelerate the 3rd Party platform replacement which was putting at risk Client’s day to day business.> Modernize IT Landscape to open the architecture to new technologies, partners and propose new digital journeys
> Capitalize on new technologies to reinvent the Pensions & Saving, protection activity & business (in compliance with new regulations)
Solution
> Progressive integration of VERMEG’s SOLIFE core component in client’s IT landscape with API rest available to build new digital journeys> VERMEG led the integration project to guarantee the different deadlines in highly urgent context
> VERMEG led the migration project based on their business knowledge of the source system to secure data quality
Results
> 12 Months SOLIFE deployment to secure business activity> Several hundreds thousands of saving contracts migrated in the interval
> Embedded innovation in the IT landscape: supported the deployment of innovative peripheral bricks (DMS, OCR, CRM…)
> Co-Construction approach: VERMEG’s SOLFE core component coming with a large catalog of webservices to feed custom UI
Challenge
> Significantly reduce the cost levels of – systems maintenance
– regulatory compliance
– portfolio complexity
> Support the company’s external growth, by industrialising the migration process
Solution
> Out-of-the-box, rich and flexible solution with a solid architecture (functional and technical)Integration model with Infosys as integrator of VERMEG’s SOLIFE solution
> Sparring partner approach to develop a platform able to manage all client closed books
> VERMEG strongly involved in the business knowledge and solution knowledge to support Client’s rationalization project with Infosys
Results
> Several millions contracts migrated from 3 different back-offices> Industrialised „portfolio injection process“, up and running with acquired company > Set up a unique pricing model to manage a complex migration project
> Cost variabilization
> Delivered proven expertise in migration and efficient and secure migration tools
> Partnership mode was highly appreciated due to cultural fit