Press

Press ReleaseCompany, 22. of November 2016

Concentrated expertise for the insurance market

PASS and Novum agree on an exchange of technological solutions and intensive cooperation.

PASS Consulting Group and NOVUM GmbH announce that they have entered into extensive agreements on the exchange of insurance technologies. At the same time they will be joining forces in the implementation of integration and digitalisation projects.

Cooperation extends to core underwriting systems, the exchange of development technologies and joint standard software projects for the insurance industry. PASS will be given access to the V’ger Enterprise insurance platform and the technical standard software systems. In return NOVUM will be integrating the PASS Riester Engine Zulagenverwaltung (REZ) and the PASS Financial Asset Suite into its solution portfolio.

V’ger Life is a tried and tested, full administration solution with proposal, quotation, contract, product, payment, collection, commission and reporting modules. “The PASS components close the final gaps as a full solution provider for our German customers“, explains Michael Kraus, managing director of NOVUM.

The cooperation between PASS and NOVUM extends over all insurance lines and the complete value creation chain. “We will also be creating our own standard software based on the V’ger Enterprise insurance platform. In future, insurance companies’ IT systems must be platform-capable, which is why we are focusing on an open architecture, orchestratable services and processes, standardised interfaces and scalable operating scenarios“, says Wigbert Tabarelli, Head of the PASS Business Unit Insurance.

The cooperation extends the possibilities of both companies to provide their insurance customers with full and competent services and products and support them sustainably in their digitalisation activities.