| CS company – first step abroad |
| Tuesday, 06 April 2010 |
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The time has come to proudly declare that our company has entered the international market in life insurance automation. Here we do not mean subsidiaries of our foreign partners, but the launch of our system LISA directly in the Russian Federation, in IC Allianz ROSNO Life. Our joint ongoing project with IC Аllianz ROSNO Life, has been very important for us from the very beginning, and not just to put a «tick» in the list of our implementation cases: first of all, we assessed the possibility to show the quality of our products while implementing them at a foreign customer. This test for system flexibility is hard to pass, as another country means another contract registration model, other requirements of legislation and financial accounting. Understanding the difficulties that we were going to face we especially thoroughly analysed the requirements and divided the long way of implementing the range of our systems at IC Allianz ROSNO Life into three stages to be passed in 2010. Since 2009 our experts worked on the first stage that included:
- adaptation to the specifics of life insurance contract registration in the Russian Federation;
So, by 19 March 2010 the first stage of works had not only been successfully completed, but also given to industrial use. All the objectives, set jointly with IC Allianz ROSNO Life for the first stage, were achieved. Besides it is crucial that we met rather rigid deadlines - four months from the start of the project - which was the key point for IC Allianz ROSNO Life. It should be noted that professional skills of IC Allianz ROSNO Life personnel greatly contributed to the overall success. Currently we are dealing with the tasks of the second and third stages of implementation:
We are proud that at present it is possible to affirm: our products can work on the foreign market. Surely, we and our Russian colleagues still have a number of tasks to solve, and we are to face a lot of new difficulties, - but the first goal has already been achieved and we are confidently moving ahead. Find more about the CS company products for insurance automation here.
Allianz ROSNO Life was founded in September 2003, and 14 September 2004 officially announced the start of sales. The company belongs to Allianz New Europe holding, a member of the international financial and insurance group Allianz SE. Major business lines of Allianz ROSNO Life are long-term insurance of life and retirement insurance. Allianz ROSNO Life has subdivisions in all RF federal districts. The company works with individual and corporate customers offering them a wide range of life insurance programs in rubles, US dollars, euros, as well as a multicurrency option. The size of insurance reserves of Allianz ROSNO Life as of 31.12.09 was 1, 182 million rubles, the size of the authorized capital - 111 million rubles. In January 2010 national rating agency «Expert RA» raised the reliability rating of Allianz ROSNO Life to the highest А++ level («Exclusively high reliability»). According to the decision of the Expert Council of the Russian national award in insurance «Gold Salamander», Allianz ROSNO Life was given the title of the «Life insurance leader of 2008». |
