in|sure PSLife - Contract management for life insurances

Technologically pioneering

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.

Cost-effective

The costs are distributed to all users of the software through regular adjustments in line with statutory changes.

Markov approach

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.

Product modelling

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.).

Contract and claims processing

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.

Cost reduction

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.

Features of our product:
- Development of innovative products with flexible payment processes, claims processes and interest rates, adopting the Markov approach
- Simple modelling of products with changing main contracting parties
- All business transactions within the product lifecycle for all sample products (Annuities in all three layers, disability, risk etc.) in adjustable form within the sample content
- Case-closing processing in the future and consistent retroactive changes
- Interfaces adjustable to suit all peripheral systems
- High level of automation and straight through processing for all business transactions
- Guided workflow process for processing via the user interface
- Migration tools and the mapping of “old world” tariffs without deviations
in|sure PSLife sets itself apart in four regards: flexibility, a holistic approach, versatile configuration options and uncomplicated development work. If you would like to know what this result looks like, then you are best reading what our customers have to say about it:

"With the innovative mathematics and flexible product modelling in PSLife we successfully managed to position new products at the top of significant rankings, and to increase our new business in 2012 by 30%. Our developed value the model-based programming, and out technical department appreciate the high level of automation and the modern operating control concept found in in|sure PSLife."

Heinz-Werner Richter (former Barmenia board member)

"We require a system that is functionally diverse and flexibly adjustable. What’s more, we want an optimal cost-benefit ratio, both for the product and for our subsequent ongoing operations. With in|sure PSLife we have found a suitable solution. We have already managed to complete the first milestone in the project, the mapping of our tariffs with in|sure PSLife, within the planned timeframe and expenditure. During the course of the project we were thoroughly impressed with the PSLife system and the collaboration provided, as we expected."

Karin Germann (PRUDENTIA board member)

MIGSuite

To achieve more automation, SOKA-BAU migrates its policy portfolio

By using MIGSuite, SOKA-BAU can migrate its inventory in a timely and legally compliant manner and subsequently process previously manual work steps in the new inventory system in the dark.

Case Study
in|sure Health Claims

INTER Krankenversicherung: Using a system to automate long-term care services

With in|sure Health Claims, INTER health insurance optimizes its workflows in the service management of long-term care insurance.

Case Study
in|sure Health

Migration of 400,000 contracts despite shortened duration

The introduction of the policy management system and the claim management system took place without any major disruptions.

Case Study
MIGSuite

Barmenia: Migration of 1.3 million contracts

With in|sure Health Policy, Barmenia now has a modern and future-proof policy management system.

Case Study
Insurance in the Cloud

andsafe: New digital insurance

For the foundation of the new digital commercial insurer andsafe, Provinzial Nordwest was given a complete application landscape in the cloud.

Case Study
in|sure PSLife

Debeka Insurance Group: Flexible system for flexible products

The aim was to offer flexible, unit-linked products in addition to traditional ones. For this, Debeka needed a flexible system. The in|sure PSLife calculation kernel was used.

Case Study
MIGSuite

Barmenia Versicherungen: Contract migration on time

The MIGSuite data migration software made it possible to transfer contracts to the new system of Barmenia Versicherungen.

Case Study
in|sure General Claims

INTER Versicherungsgruppe: Automated claims processing

Employees of the INTER Versicherungsgruppe can now process claims automatically without having to change systems.

Case Study
in|sure Health Claims

Münchener Verein: New claims system for more quality

The introduction of in|sure Health Claims enabled the Münchener Verein to reduce costs and the potential error rate enormously.

Case Study

Company pension scheme
All implementation channels

Zum Produkt

Company pension scheme
All implementation channels

Comprehensive software solution for the administration of all implementation methods in company pension schemes and lifetime working time accounts.

Zum Produkt

Pension settlement
All implementation channels

Zum Produkt

Pension settlement
All implementation channels

Accounting system that manages all processes for the payment of company pension benefits in compliance with all legal requirements.

Zum Produkt

Collection/disbursement system
All lines of insurance

Zum Produkt

Collection/disbursement system
All lines of insurance

Collection/disbursement system for subledger accounting, with which all processes in payment transactions are carried out cost-effectively, quickly and at the same time highly automated.

Zum Produkt

Commission system
All lines of insurance

Zum Produkt

Commission system
All lines of insurance

Commission system for the holistic mapping of sales-related remuneration processes — audit-proof and can be integrated into any existing IT system.

Zum Produkt