msg systems ag

FS-PM is a comprehensive, product-driven policy management system for creating and administrating primary insurance policies in all lines of business. As a core component of the SAP for Insurance solution, FS-PM is seamlessly integrated with the other modules of the solution, such as FS-CD, the collection/disbursement system, FS-CM, the claims management software, FS-ICM, the commission solution, and FS-RI, the reinsurance solution or to the Business Partner and Business Intelligence solution. This enables all business processes of your insurance company to be optimally covered by one highly-integrated solution.

Core of the FS-PM basic system is the object-oriented solution msg.ProductManager (msg.PM). It enables the uncomplicated modeling and description of insurance products, as well as their integration into the existing product portfolio. In doing so, established modules can be used at any time for the prompt rollout of new products. msg.PM even provides the necessary actuarial mathematics for the definition and execution of actuarial formulas. In addition, the bundled sample content includes numerous predefined insurance products.

FS-PM provides the means for the extremely flexible structuring of business processes and transactions. The standard delivery contains numerous transactions, which can be adjusted to your specific needs or which can be supplemented by new transactions. Moreover, FS-PM contains all major standard functions for policy management, as well as a wide range of extended functions, including risk assessment, object management, as well as fund management for unit-linked insurance products. The solution also offers features for journal management and history management, which enable a smooth reproduction and ensure auditing acceptability.