DGAP-News: COR&FJA AG: COR.FJA Life Factory chosen to ensure lasting consolidation of the DEVK life insurance platforms

ID: 1079578
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(businesspress24) - DGAP-News: COR&FJA AG / Key word(s): Contract
COR&FJA AG: COR.FJA Life Factory chosen to ensure lasting
consolidation of the DEVK life insurance platforms

06.02.2012 / 09:40

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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.

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.

DEVK is therefore planning to install the new system in close cooperation


with COR&FJA right from the very first stage while itself assuming overall
responsibility. To this end, the two partners developed and defined an
appropriate collaboration model within the framework of the previous
preliminary study and will launch the project on this basis in the very
near future.

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.

About DEVK

Around 4 million customers throughout Germany put their trust in the DEVK
Versicherungen for the insurance of 13.4 million risks in all segments of
the insurance industry. One reason for the particularly firm loyalty
demonstrated by these customers is the company's local presence: 1,200
branch offices, 2,270 full-time sales partners and some 4,000 part-time
agents speak for themselves. Furthermore, the Sparda banks are cooperation
and sales partners of many years' standing. In terms of contract numbers,
DEVK is Germany's fourth-largest household insurer, fifth-largest motor
vehicle insurer and sixth-largest third-party liability insurer.

About COR&FJA

The COR&FJA Group is one of the leading software and consulting companies
for the European financial services industry, focusing on insurance
companies, banks and providers of company pension funds. Its service
spectrum ranges from standard software and the provision of consultancy
services to the assumption of IT operations (application service
providing). The COR&FJA Group, which has its head office in
Leinfelden-Echterdingen and offices in Munich, Aachen, Düsseldorf,
Frankfurt, Hamburg, Kiel, Cologne and St. Georgen, as well as subsidiaries
in the Netherlands, Denmark, Austria, Switzerland, Slovakia, Slovenia,
Poland, the Czech Republic, Portugal, Spain and the USA, currently employs
around 1,150 staff.

Contact

COR&FJA AG
Corporate Communications
Humboldtstraße 35
70771 Leinfelden-Echterdingen
Tel. +49 711 94958-0
E-mail: presse(at)cor.fja.com
Internet: www.cor.fja.com


End of Corporate News

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06.02.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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
Humboldtstraße 35
70771 Leinfelden-Echterdingen
Germany
Phone: +49 (0)711 94958-0
Fax: +49 (0)711 94958-49
E-mail: investor.relations(at)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 News DGAP News-Service
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155475 06.02.2012



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Date: 02/06/2012 - 03:40
Language: English
News-ID 1079578
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