IT solutions in company pension schemes
Posted: Sat Jan 25, 2025 6:55 am
The government's ambitious expansion plans are not entirely uncontested. A recent report by the German Institute for Economic Research (DIW) concludes that the projects are not sensible and massively oversized due to the long construction times and the sharp decline in natural gas demand in the medium term, and warns of "stranded assets" (assets that are permanently affected by losses in value or even total loss). The government justifies the expansion plans by saying, among other things, that part of the gas is to be forwarded to southern European countries. In addition, a higher capacity would offer better protection against unforeseen events or damage to the infrastructure. So it remains exciting - we'll keep you posted!
You can find more exciting blog posts from the adesso world in our previously published blog posts .The digitization of company pension schemes is often still in its infancy. Regulatory requirements pose a challenge for insurance companies and pension providers. The existing processes are complex and business transactions are sometimes carried germany consumer email list out manually. Overall, this leads to costly and customer-unfriendly implementation. One reason for this is that the outdated administration systems make it difficult to reflect the regulatory requirements. In addition, the expectations of customers and insurance sales - including with regard to digitization and IT solutions - are constantly increasing. An uncomplicated application for new contracts and contract changes as well as a fast and high-quality exchange of information and documents are just some of the expectations.
There are a number of good IT solutions for insurance companies and providers to not only meet customer expectations, but to exceed them. Simplified and optimized processes that are automated along the value chain reduce administrative effort and thus costs. In addition, fast processing and communication with insurance customers is possible, which contributes to their satisfaction and thus strengthens customer loyalty.
Various digitization solutions are possible
There are a variety of IT solutions available for insurance companies and pension providers, but they are often not sufficiently well known. Some of them are presented below.
Modern (administrative) systems
Modern and user-friendly administration systems with standardized interfaces to the surrounding systems allow for the easy implementation of regulatory requirements and the use of digital services. For example, insurance customers can enter data and contract changes online and send them to the insurer. From there, they can be further processed cost-effectively.
You can find more exciting blog posts from the adesso world in our previously published blog posts .The digitization of company pension schemes is often still in its infancy. Regulatory requirements pose a challenge for insurance companies and pension providers. The existing processes are complex and business transactions are sometimes carried germany consumer email list out manually. Overall, this leads to costly and customer-unfriendly implementation. One reason for this is that the outdated administration systems make it difficult to reflect the regulatory requirements. In addition, the expectations of customers and insurance sales - including with regard to digitization and IT solutions - are constantly increasing. An uncomplicated application for new contracts and contract changes as well as a fast and high-quality exchange of information and documents are just some of the expectations.
There are a number of good IT solutions for insurance companies and providers to not only meet customer expectations, but to exceed them. Simplified and optimized processes that are automated along the value chain reduce administrative effort and thus costs. In addition, fast processing and communication with insurance customers is possible, which contributes to their satisfaction and thus strengthens customer loyalty.
Various digitization solutions are possible
There are a variety of IT solutions available for insurance companies and pension providers, but they are often not sufficiently well known. Some of them are presented below.
Modern (administrative) systems
Modern and user-friendly administration systems with standardized interfaces to the surrounding systems allow for the easy implementation of regulatory requirements and the use of digital services. For example, insurance customers can enter data and contract changes online and send them to the insurer. From there, they can be further processed cost-effectively.