DGAP-News: COR&FJA AG: COR&FJA and Merkur Versicherung sign contract for integrated use of the COR.FJA Insurance Suite by Merkur subsidiaries
(firmenpresse) - DGAP-News: COR&FJA AG / Key word(s): Contract
COR&FJA AG: COR&FJA and Merkur Versicherung sign contract for
integrated use of the COR.FJA Insurance Suite by Merkur subsidiaries
11.04.2011 / 08:34
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COR&FJA and Merkur Versicherung sign contract for integrated use of the
COR.FJA Insurance Suite by Merkur subsidiaries
(Leinfelden-Echterdingen, 11 April 2011) - The COR&FJA Group,
Leinfelden-Echterdingen, and the Austrian company Merkur Versicherung AG
(Merkur), Graz, have signed a contract under which Merkur is going to use
almost the entire COR.FJA Insurance Suite to handle its south-eastern
European subsidiaries' life assurance and composite insurance business. The
project's volume is in the high seven-digit range.
This means that for the first time, an insurance company will be using the
COR.FJA Insurance Suite across sector boundaries, while making use of two
central components: COR.FJA Life for administration in the life assurance
segment, and the policy management system COR.FJA P&C for composite
insurance. Not only the holistic character of the COR.FJA Insurance Suite,
but also the system's multilanguage and multi-currency capacity are of
crucial significance for the current collaboration: this will make it
possible to deploy the COR&FJA solution as from mid-2012 at every one of
Merkur's five south-eastern European subsidiaries in Slovenia, Croatia,
Bosnia and Herzegovina, Serbia, and Montenegro. Before deployment begins, a
total of some 450,000 policies will be imported into the new system as the
previous system is replaced.
The project was launched in mid-2009 with an initialisation phase for
project planning and specialist analysis. The autumn of 2009 marked the
beginning of the concept phase, in which the COR&FJA components were
presented and aligned with Merkur's group-wide requirements. In this phase
it was possible to identify, in particular, Merkur's country-specific
project phases and possible additional requirements and thus increase
assessment accuracy. The project was officially launched in mid-September
2010.
The COR.FJA Insurance Suite is a complete solution for insurance companies
(life and non-life), which consists of upgradable and highly configurable
standard software components and fully replicates all the relevant business
processes in an insurance company.
The high configurability and modern, service-oriented technology mean that
changes can be made rapidly to products and processes, enabling quick
responses to customer requirements and market developments. The components
of the COR.FJA Insurance Suite can be combined in a customised way or
deployed as stand-alone services.
Further COR&FJA modules, individual enhancements and/or software
components from other suppliers can be integrated using the system's
standard interfaces. This enables customers to structure their IT
environments in a manner consistent with their own needs.
About Merkur
Merkur - the longest-established insurer in Austria - is an autonomous,
independent company based in Graz, Austria. In addition to Austria,
south-eastern Europe is an important market for Merkur. The company has
highly successful subsidiaries in Slovenia, Croatia, Bosnia-Herzegovina,
Serbia and Montenegro.
In addition to healthcare insurance, its core segment, Merkur Versicherung
offers both classical and unit-linked life assurance as well as insurance
products from the non-life and accident insurance segments.
About COR&FJA
The COR&FJA Group is one of the leading software and consulting companies
for the European financial services industry, focusing on insurance
companies, banks and providers of company pension funds. The service
spectrum ranges from standard software and provision of consultancy
services to the takeover of IT operations (Application Service Providing).
The COR&FJA Group, which has its head office in Leinfelden-Echterdingen and
offices in Munich, Düsseldorf, Hamburg, Kiel and Cologne, as well as
subsidiaries in the Netherlands, Austria, Switzerland, Slovakia, Slovenia,
Portugal and the US, currently employs nearly 1,000 staff.
Contact
COR&FJA AG
Corporate Communications
Humboldtstraße 35
70771 Leinfelden-Echterdingen
Tel. +49 711 94958-0
E-mail: presse(at)cor.fja.com
Internet: www.cor.fja.com
End of Corporate News
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11.04.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: COR&FJA AG
Humboldtstraße 35
70771 Leinfelden-Echterdingen
Deutschland
Phone: +49 (0)711 94958-0
Fax: +49 (0)711 94958-49
E-mail: investor.relations(at)cor.fja.com
Internet: www.cor.fja.com
ISIN: DE0005130108
WKN: 513010
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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119238 11.04.2011
Datum: 11.04.2011 - 08:34 Uhr
Sprache: Deutsch
News-ID 33748
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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