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 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
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
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 :
After 8-month Project, he has built with Vermeg & Solife solutions a common success :
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 :
With Solife & Vermeg’s Managed Services, experience how to :