COR&FJA AG / Key word(s): Contract
06.02.2012 09:27
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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COR.FJA Life Factory chosen to ensure lasting consolidation of the DEVK
life insurance platforms
(Leinfelden-Echterdingen, 6 February 2012) - The Cologne-based insurance
company DEVK Versicherungen (DEVK) has opted for the COR.FJA Life Factory
policy management system as its central platform for the introduction of
modern life insurance products and consolidation of its current IT
platforms within the life insurance segment. The resulting volume of orders
placed with COR&FJA is in the low eight-digit range. This represents a
continuation of the trend that has been observed in recent years whereby
life insurance companies are relying on COR&FJA's standard software
solutions to an increasing extent. Current plans provide for a period of
less than four years for the implementation of the entire system
installation project and the replacement of DEVK's three existing IT
platforms, and the project is due to be launched very shortly.
The main factors that swung the decision in favour of COR.FJA Life Factory
were the high degree of prefabrication in the standard software and the
high level of migration know-how offered by COR&FJA. These advantages will
provide DEVK with a means of not only launching the new generation of
unisex products as early as the beginning of 2013, but also migrating the
first tranche of contracts from one of the current platforms almost
simultaneously in order to further optimise the management processes. Apart
from this, DEVK is also anticipating other economic effects in the medium
and long term as a consequence of its participation in the annual COR.FJA
Life Factory standard release development process, now supported jointly by
ten customers, and its partial assumption of the DEVK-specific fields of
development.
Issuing party:
COR&FJA AG
Investor Relations
HumboldtstraÃe 35
70771 Leinfelden-Echterdingen
Tel. +49 711 94958-0
E-mail: investor.relationsâ@âcor.âfja.com
Internet: www.cor.fja.com
WKN 513010, ISIN DE0005130108
Stock exchange centres: regulated market in Frankfurt (Prime Standard);
open market in Berlin, Düsseldorf, Hamburg, Stuttgart
Contact:
Frank Fahrner
COR&FJA AG
HumboldtstraÃe 35
70771 Leinfelden-Echterdingen
Germany
Phone: +49 711 94958-730
Fax: +49 711 94958-8730
E-Mail: frank.fahrner@cor.fja.com
06.02.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: COR&FJA AG
HumboldtstraÃe 35
70771 Leinfelden-Echterdingen
Germany
Phone: +49 (0)711 94958-0
Fax: +49 (0)711 94958-49
E-mail: investor.relations@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 Announcement DGAP News-Service
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DGAP-Adhoc: COR&FJA AG: COR.FJA Life Factory chosen to ensure lasting consolidation of the DEVK life insurance platforms
| Source: EQS Group AG