msg life
| msg life ag
|
|
|---|---|
 |
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| legal form | Corporation |
| founding | 1980 |
| Seat |
Leinfelden-Echterdingen , Germany
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| management |
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| Number of employees | 1159 |
| sales | 157 million euros (2019) |
| Branch | Information technology |
| Website | www.msg-life.com |
| As of December 31, 2019 | |
The msg life ag is a software developer and consulting firm based in Leinfelden-Echterdingen , Baden-Wurttemberg . According to its own information, msg life is the leading provider of standard software for life insurers and pension institutions (e.g. pension insurers ) in German-speaking countries, with a market share of over 50 percent . It also provides software specifically for health insurers in the United States .
The company was created in 2009 under the name COR & FJA AG from the merger of COR AG and FJA AG . Both predecessor companies had previously been renamed several times. The name was changed to msg life ag in 2014.
Corporate structure
Business areas
The company specializes in the market for standard software as well as professional and technical advice for life insurers and pension institutions in Europe and, in particular, health insurance companies in the USA.
Products
The msg life product range essentially includes:
- msg.Insurance Suite : Complete system for the digital mapping of insurance operations (joint insurance platform of Msg Systems )
- msg.Life Factory and msg.Life : Portfolio management for life insurance
- msg.Life Group : inventory management for group business
- msg.ZVK Factory : Inventory management for supplementary pension funds
- msg.RAN : Pension accounting and verification system
- msg.Pension : service portal for time accounts and company pension schemes
- msg.Tax Connect : Statutory tax reports
- msg.Zulagenverwaltung : Automated processing of bonus processes
- msg.Ilis : Audit- proof management of data for projection calculations
- msg.Sales : Web-based multi-channel platform for fully digital quotation and order processing
- msg.Online Insure : Customer Self-Service Portal
- msg.Office : business transaction control and document processing
- msg.Migration System : Migrate data from any source system to any target system
- msg.Migration Archive : Archiving of historical contract and edge system data
- Unified Administration Platform (former product name: msg.Symass) : All-line system for smaller insurance portfolios
- Unified Distribution Platform : Platform for digitizing sales processes
- Unified Product Platform for Health (former product name: FJA.PM4) : Software for health insurance companies for product development, product launch and product maintenance
Subsidiaries and holdings
There are the following subsidiaries and holdings:
- msg life central europe gmbh (D)
- msg life global gmbh (D)
- msg life Switzerland AG (CH)
- msg life Austria Ges.mbH (A)
- msg life odateam doo (SI)
- msg life Slovakia sro (SK)
- msg life Benelux BV (NL)
- FJA-US, Inc. (USA)
- msg life Iberia, Unipessoal Lda (PT)
- spheos GmbH & Co. KG (D)
- spheos Verwaltungs GmbH (D)
history
COR AG
In 1990 Peter Gessner , professor at the chair for corporate planning at the University of Ulm and previously a member of the board of the Allianz Group, founded Peter Gessner & Partner GmbH as a company for strategic advice to insurance companies.
In 1994, the COR-Life software was used by the first German insurance groups. By 1996 the new Business Process Management (BPM) division developed COR-Office, a standard software for business transaction management. In 1998 the company was renamed COR AG Insurance Technologies and the consulting company COR sydass GmbH was incorporated , which had specialized in actuarial advice and the development of standardized test processes. In the same year COR AG Insurance Technologies went public in the Neuer Markt . In 1999 the outsourcing division started production . In 2000, the Swiss company group Infexpert was taken over as COR Infexpert AG , which had specialized in consulting and implementation of automated application processing and risk assessment . With the establishment of a subsidiary in Bratislava , Slovakia , the expansion into the Eastern European market was further advanced.
In 2001, the administration of Riester contracts and contracts for company pension schemes were opened up as new business areas. COR was a service provider for 90 customers. From 2002 to 2003, COR took over PIT GmbH and the Böblingen IT specialist Krieg & Moroff GmbH . In 2004, when the subsidiary COR Pension Management GmbH was founded, the company entered the business field of time accounts and working time models. In 2006 a strategic cooperation began with Msg systems , Munich , with mutual capital links. In this context, 51% of msg application service providing GmbH , Cologne , and 10% of innovas application systems GmbH , Hamburg were acquired .
From 2007 onwards, in addition to years of advice for insurance companies, COR AG now also offered bank consulting. Gessner, the founder and to date major shareholder of COR AG , sold his shares to Msg systems , which thus held 44.14% of the shares in COR AG . The COR AG took over the future maintenance and development of Pfandbrief Banks software PARIS , by the IT subsidiary of Hypo Real Estate was developed and is used in various banks used. This will expand the previous life business area to include banking .
On July 1, 2008, COR took over 100% of the shares in Alldata Systems GmbH from T-Systems Enterprise Services GmbH . In the aftermath, the Sal. Oppenheim jr. & Cie. SCA take over 25.1% of the shares in Alldata from COR . The Alldata Systems GmbH was renamed COR Alldata Systems GmbH . In addition, COR increased the previous 51% stake in Msg application service providing GmbH in Cologne to 100%. This should operate under the name COR application service providing GmbH in the future . As a result of these two acquisitions, the number of employees at COR increased to 500.
After the general meeting on August 15, 2008 approved an amendment to the articles of association with a large majority, the company was renamed COR AG Financial Technologies on September 10, 2008 . This was to express that COR AG meanwhile offered software for the entire financial services industry. In addition to COR-Life as the main product from the life insurance sector, the products sold also included COR P&C as the main solution for property insurance (in development since 2008) and the COR Banking Suite as the main product for Pfandbrief ( PARIS from HRE) and automotive banks (MBS from Alldata Systems ). On March 30, 2009, COR announced the acquisition of 51% of the shares in Uniserv Outsourcing BV in the Netherlands.
FJA AG
In 1980 Prof. Dr. Feilmeier, Junker & Co., Institute for Economic and Insurance Mathematics GmbH founded by Manfred Feilmeier and Michael Junker . In 1987, VWS Leben (later FJA Life Factory ) successfully launched standard software for the first time.
With the takeover of Finansys in New York , the company entered the US market in 1998. In 2000 FJA AG went public in the Neuer Markt. The majority stake in OdaTeam doo , based in Maribor , Slovenia , pushed the expansion into the Eastern European market further. From 2003 to 2008 the company was called FJH AG ; The reason for the renaming was the purchase or sale of Heubeck AG . In 2006 PYLON AG , Hamburg , was taken over.
In 2004 the company recorded a loss of 122.5 million euros. As a result, over half of the top 1,000 employees had to leave the company, which was on the verge of bankruptcy. The Berlin branch was closed.
COR & FJA AG
On October 19, 2009, the merger of the two companies announced on March 11, 2009 was completed with the entry of the merger of COR AG Financial Technologies with FJA AG in the commercial register of FJA AG in Munich . At the same time, the name change from FJA AG to COR & FJA AG was entered in the commercial register. With the entry, COR AG Financial Technologies has expired and all rights and obligations have been transferred to FJA AG . The previous shareholders of COR AG as the transferring company have become shareholders of FJA AG . On November 26, 2009, the relocation of COR & FJA AG's headquarters from Munich to Leinfelden-Echterdingen was completed by entry in the commercial register.
In June 2010, the group acquired 21.78% of B + S Banksysteme Aktiengesellschaft , Munich.
On February 28, 2011, COR & FJA announced that the company would acquire a 29.9% stake in the consulting firm plenum AG , Wiesbaden. On June 21, 2011, COR & FJA announced that they had acquired a total of 74.3 percent of the shares in Metris GmbH , St. Georgen. On July 30, 2013, COR & FJA ordered the discontinuation of the recently developed standard software for property insurance. At the beginning of the year, the CEO of COR & FJA AG (as well as the former COR AG ) Ulrich Wörner left the company. Christian Hofer was his successor.
On November 14, 2013, the company signed a purchase agreement with the French Sopra Banking Software SA for the sale of all shares in COR & FJA Banking Solutions GmbH , a subsidiary of COR & FJA AG, founded for this purpose . The sale was completed on February 18, 2014, with retroactive effect from January 1, 2014. The purchase price was EUR 13 million. With the sale, COR & FJA AG's involvement in the banking segment ends and focuses again on standard software for life insurers. As a result of the sale to Sopra Banking Software SA , around 150 employees and board member Volker Weimer also changed the company.
On March 12, 2014, a purchase agreement was signed to sell the 41.33% stake in plenum AG to private investors.
msg life ag
On October 15, 2014, COR & FJA AG was renamed "msg life ag". This name change was already resolved in June 2014 at the company's general meeting and was completed with the entry of the amendment to the articles of association in the relevant commercial register.
Share and shareholders
The shares of msg life were in the open market at the Hamburg stock exchange listed. It was first listed as FJA AG on February 21, 2000 in Frankfurt's Neuer Markt . The share was later listed in the Prime Standard - until it was delisted from the regulated market in March 2017.
The largest single shareholder is Msg systems AG with over 53% of the shares.
Individual evidence
- ↑ a b Annual Report 2019 of msg life ag, accessed on June 4, 2020
- ↑ a b Annual Report 2018 of msg life ag, accessed on July 18, 2019
- ↑ Structure of the msg life Group , accessed on August 31, 2020
- ↑ FJH annual report for 2004 (PDF)
- ↑ FJH wants to complete the restructuring by the end of 2005.
- ↑ Press release FJA AG
- ↑ COR & FJA takes a 29.9 percent stake in the consulting company plenum AG .
- ↑ Press release from COR & FJA
- ↑ COR & FJA AG's ad hoc announcement .
- ↑ Press release on the sale of the COR & FJA Banking Solution
- ↑ Press release on the sale of Plenum AG
- ↑ Press release on the change of name to msg life ag ( Memento from October 20, 2014 in the Internet Archive )
- ↑ Frankfurt Stock Exchange revokes the admission of Msg life shares to trading on the regulated market of the Frankfurt Stock Exchange , announcement on DGAP.de of March 17, 2017.
- ↑ Offer document - Voluntary public delisting purchase offer on bafin.de
- ↑ msg life decides to sell its own shares , announcement on DGAP.de of March 23, 2017.