DGAP-News: msg life ag: msg life awarded contract

DGAP-News: msg life ag / Key word(s): Contract msg life ag: msg life awarded contract by DEVK Versicherungen 10.12.2015 / 10:06 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- msg life awarded contract by DEVK Versicherungen Introduction of msg.LF Product, the new JEE-based actuarial product component of the standard software msg.Life Factory (Leinfelden-Echterdingen, 10 December 2015) - msg life ag has been awarded a contract by DEVK Versicherungen (DEVK, Cologne) to introduce msg.LF Product (msg.LP), the new msg.Life Factory JEE mathematics. This actuarial product component will cover the new fund-linked products of DEVK in particular. Work on the switch to LF JEE is due to start in 2016. The new product component msg.LP is part of the policy management system msg.Life Factory, the leading core product from msg life. As a long-standing customer, DEVK has been using msg.Life Factory as its central life platform since early 2013. Over the past few months, msg life has developed the component msg.LP on the basis of Java JEE in service-oriented architecture (SOA) in the same way as it has all of the other components of msg.Life Factory that are currently being used by numerous customers on the basis of Java JEE. With the release of msg.LP, all of msg.Life Factory will now be available to new and existing customers as a purely JEE-based system. The range of services provided by msg.LP is leading on the markets of the German-speaking countries and even meets international requirements. In combination with msg.Life Factory, the most cutting-edge policy management system for life insurers in Europe, with the latest tools and methods msg.LP delivers levels of flexibility and efficiency that are unrivalled on the life insurance market. msg life expects to attract more customers to msg.LP in the very near future. The currently promising sales pipeline for msg.Life Factory is partly due to the fact that with msg.LP, potential customers can adapt their product designs to the substantial challenges of the persistently low-interest phase more quickly and with more flexibility. About DEVK Versicherungen For around 130 years, people in Germany have been confidently placing their insurance for everyday risks in the hands of DEVK Versicherungen. Today, the staff at DEVK support around 4 million customers throughout Germany with 14 million risks in all segments. More than 6,000 members of staff are rolling up their sleeves to help their customers quickly and effectively. Additionally, the cooperative banks Sparda-Banken have been a reliable partner to DEVK for many years. The life insurers at DEVK (including the DEVK pension funds) work with around 1.7 million life insurance policies which generate over one billion euros in revenue from contributions. About msg life As part of the independent, internationally active msg Group, msg life ag and its subsidiaries are among the leading software and consulting companies for the European insurance sector and concentrate primarily on life insurance companies and pension fund institutions. Their products and services range from standard software through consulting services to the assumption of responsibility for IT operations (cloud solutions). The msg life Group has its head office in Leinfelden-Echterdingen and offices in Munich, Aachen, Düsseldorf, Hamburg and Cologne, plus subsidiaries in the Netherlands, Austria, Switzerland, Slovakia, Slovenia, Poland, Portugal and the USA. It currently employs a workforce of around 850. Contact msg life ag Corporate Communication Frank Fahrner Humboldtstrasse 35 70771 Leinfelden-Echterdingen Tel.: +49 (0)711 949 580 Email: presse@msg-life.com Internet: www.msg-life.com --------------------------------------------------------------------------- 10.12.2015 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: msg life ag Humboldtstraße 35 70771 Leinfelden-Echterdingen Germany Phone: +49 (0)711 94958-0 Fax: +49 (0)711 94958-49 E-mail: investor.relations@msg-life.com Internet: www.msg-life.com ISIN: DE0005130108 WKN: 513010 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart End of News DGAP News Service --------------------------------------------------------------------------- 422637 10.12.2015