The low-interest-rate is not the only challenge that directors in the insurance company have to face today. The "cumulative uncertainty", as Nikolaus von Bomhard phrased it at the SZ Insurance Day 2016, has never been as great as today.
The V’ger enterprise platform for insurances, broker and assecuradeurs. An uniform technical standard platform for life and P&C business, available for your own data center (on-premise) or as the cloud service V’ger Sky.
The perfect application for the demanding P&C business
The comprehensive contract and product management solution for life insurers and pension fonds
The all included and turnkey ready solution for the extended P&C business
The digital B2C solution, even to digitize your legacy systems quickly and easily
The digital B2B solution for offer, contract and claims management
"Managing cyber and IT risks is a basic condition for banks [and insurers] to exploit the opportunities of digital change. ... Cyber risks will continue to grow. They are among the top risks of any company .... Banks [and insurers] will only remain competitive if they can ensure IT security along the entire value chain at all IT levels, "said Felix Hufeld, President of the BaFin, on 8 July 2015 at the event Bankenaufsicht im Dialog.
Cloud computing can help with these challenges to an unprecedented
The market uncertainty and change pressure from the above-mentioned challenges can only be met with the rapid development of apps and web applications. It is of crucial importance to adapt quickly to changing customer requirements. This requires extensive testing and to try out new functionalities.
What are the consequences of this tension between success and possible failure? The following comparison shows what needs to be done so that success remains a success even in the case of rapid growth - and what needs to be taken into account, when a failure arises.
These five areas of cloud computing help to minimize technical risks clearly. At the same time fixed costs convert into variable costs.
In addition to the above mentioned challenges, compliance is at the top of the insurance industry's agenda.
V'ger Sky cloud services have a very high security level. Available technical improvements are implemented quickly so that the V'ger Sky cloud service always corresponds to the currently available security state-of-the-art level.
This creates the prerequisites for fulfilling the high compliance requirements of the insurance industry, in particular according to the German regulatory law for the insurance industry (VAG).
For more information on the compliance of the V'ger Sky Cloud services, click here.