28/06/2016
The implementation project by msg will involve high-volume contract migrations.
Helvetia Austria is implementing the msg.Life Factory (LF) portfolio management system by msg life, an msg group company, as the new target platform for its life line of business. msg systems, the heart of the msg group, and msg life will work in close cooperation throughout the implementation. The implementation project is already underway and should last around three and a half years, even with the planned migrations. LF also includes both of msg life’s JEE-based standard software components for product and contract management, msg.LF Product and msg.LF Contract.
As a long-standing customer of msg, Helvetia Austria has been successfully using the cross-industry AFIS Suite by the msg group for years. The joint implementation project for the new system will begin with the transfer of the legacy files Helvetia will be retaining to the new LF system. This will be done parallel to the implementation of LF and will be followed by the migration of the life business Helvetia previously managed under AFIS. Once complete, Helvetia will manage all of its existing and new business in the life line of business exclusively with LF, while also complying with the unique tax and legal characteristics of Austria. The AFIS Suite, on the other hand, will still be employed for Helvetia’s non-life segment and for related systems, such as collection/disbursement or customer relationship management.
“The msg group has been providing us with sound support for years. When we began looking for a new solution for our life line of business, they seemed like the obvious choice for a partner,” explains Otmar Bodner, CEO of Helvetia. “We are confident that msg.Life Factory is the right product for us and will contribute to our continued success,” Bodner continues.
“We are pleased Helvetia Austria chose to implement msg.Life Factory and thus add another msg group product to their collection,” states Axel Helmert, Managing Director of msg life. “msg.Life Factory is an established product and covers all of the business processes used in the commercial and private customer segments.”
“The implementation of msg.Life Factory for Helvetia and the corresponding migrations constitute a very exciting project for us,” explains Jens Stäcker, Member of the Board of Directors at msg systems. “Furthermore, the collaboration between msg life and msg systems within the project emphasizes just how well the companies of the msg group complement one another, enabling us to contribute to our customers’ success.”