msg.Life Factory
Consulting & Services for Life Insurers
Expertise
At FIDA, we have over three decades of in-depth expertise in life insurance portfolio management.
Flexibel
Conventional life insurance, fund- or index-linked products, private or occupational pension schemes – we are familiar with all variants.
Individual
FIDA stands for tailor-made data and testing expertise. We ensure accurate data, stable releases and error reduction.
Holisitic
We offer consulting, implementation, integration, migration and release changes from a single source to ensure that your systems function perfectly.
Rethinking life insurance – this is not only a real challenge. It requires people who can build and integrate an adequate system landscape. And that is exactly what we are. With our expertise at msg.Life Factory, we help our customers achieve success. FIDA has been active in life insurance portfolio management for more than 25 years. Whether biometric products, conventional or fund- and index-linked policies, whether in private or occupational pension provision – in our many years of experience, we have repeatedly supported the introduction of new products and business transactions with msg.Life Factory
msg.Life Factory Services
Together with our customers, we develop solutions, from business analysis and implementation to testing, in order to optimally integrate the msg.Life Factory inventory management software into the IT landscape. Our comprehensive range of services is rounded off by migration project management and support for release changes.
By combining our expertise in the processes, data model and customisation options of msg.Life Factory with in-depth knowledge of a wide range of life insurance products, we create real added value for our customers in a short period of time.
We master the challenges of modelling and implementing data flows to customer-specific peripheral systems. Our extensive expertise in testing and the use of the Business Service Test Laboratory (BTL) enable us to perform efficient bug analysis.
Requirements Engineering
We support you in precisely determining requirements and creating clear specifications for implementation. We analyse business processes, identify relevant use cases and translate these into robust specifications. This ensures that your solution is implemented with both functional and technical precision.
Test Engineering
Our experts accompany the testing process at all stages of development – from conception and implementation to evaluation. Using modern testing procedures and tools, we ensure that software runs stably, error-free and reliably. In this way, we minimise risks and ensure smooth commissioning.
Application Development
We take care of the seamless integration of msg.Life Factory into your existing system landscape. We develop customised interfaces and applications that efficiently support your processes and optimally integrate existing systems.
Release Change
msg.Life Factory is release-ready standard software that is subject to continuous functional and technical development. This means that our customers regularly upgrade to new releases in order to be able to use the enhanced functionality. We support the companies in this regard by working with them to develop suitable strategies for upgrading to a higher version, removing or maintaining existing customising solutions where possible, and testing the newly connected version of msg.Life Factory
Migration
Replacing legacy life insurance systems also presents our customers with the challenge of migrating these systems to msg.Life Factory. Our FIDA specialists are highly experienced in implementing exit processing in the migration source system, including the creation of rules for data mapping and data transformation for migration, as well as connecting partner administrations to the migration process. The integration of msg.Life Factory's own migration batch POLMIG, including technical and functional error analysis and troubleshooting, is also one of the tasks performed by FIDA.
In addition to providing technical support for topics related to msg.Life Factory, our FIDA employees are also responsible for installing and administering msg.Life Factory. A key aspect of this is supporting workflow integration. This includes defining Gevo start conditions, creating and maintaining tools for process control, incorporating mass Gevo and pending processes, and creating and supporting LF batch applications such as updating
msg.Life Factory - Our Know-How
Products &
Special features
Biometric products
Capital and term life insurance
Deferred and immediate annuity insurance
Conventional, fund-linked and index-linked products
Private and occupational pension schemes
Manual processing via GUI, batch processing and msg.Life Factory services
Interaction between msg.Life Factory and peripheral systems
Identification of requirements and review of necessary adjustments to the systems
Concepts for the expansion of msg.Life Factory and peripheral systems
Business
Processes
Customizing
Modelling of defining data
Adaptation of business processes
Plausibility checks
Data model extensions
Four-level model and its relationships
Technical and non-technical entities
History management and types of historisation
Information on accounts, accounting and tax inventory management
Datamodels
Test
Knowledge
Concept analyses and test case creation for module-, component- or system-related testing
Test execution and documentation using lifecycle management systems
Use of the Business Service Test Laboratory (BTL)
Expansion of test automation
References & Know-How
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FAQ - Frequently asked questions about msg.Life Factory Consulting
At msg.Life Factory Consulting, we offer you services covering consulting, implementation, integration, migration and release changes for life insurers – all from a single source. We combine in-depth expertise in processes, data models and customising msg.Life Factory with extensive experience in life insurance products.
We manage insurance products such as biometric, conventional, fund-linked and index-linked policies, as well as private and occupational pension schemes, covering all variants – from traditional to modern models.
During migrations, we take care of extracting existing data sets, transforming them and loading them into msg.Life Factory. When changing releases, we develop conversion strategies, check existing customisations and supervise tests to ensure that new versions can be used stably and with maximum benefit.
We maintain testing expertise through tools and methods such as the Business Service Test Laboratory (BTL), error analysis and comprehensive test engineering. This includes testing at all levels – component, system and integration – ensuring stable releases and low error rates.