Life & Pension Insurance
The Life and Pension market is going through major changes. At the bottom lies re-modelling of the state pension systems and re-negotiations of the collective occupational pension plans. Those changes together with the progressing internationalisation of the insurance markets result in an intensive development of new products.
The dynamics of the market has created the necessity of flexible solutions. Both systems and processes must be flexible enough to deal with the variety of products, changing regulations, and reporting procedures. Short-lived products require quick time-to-market. Many standard insurance systems have been developed to meet these needs. Crescore has experience selecting and implementing systems in this area. We help our clients optimising their work flows and assist with product development.
Similarly, the insurance industry has moved towards its next challenge: risk-based management and decision-making. We are prepared to assist clients in the process of implementing Solvency II and offer our experience from risk management projects and implementing Basel II, which is a valuable source of related knowledge for insurers.
