Due to current changes in the financial provisions for old age, insurers are in need of specially tailored IT tools
Munich, July 19, 2005
Condor Insurance Group, Hamburg, a daughter company of the Oetker Group, has opted for the FINAS provision optimisation programme.
With the system provided by BRAIN FORCE Financial Solutions, Condor are now able to better fulfil their particular old age provision concept.
During the selection process, the system was put to the acid test by field staff. "What we found convincing is the technical functionality and the very clear representation of old age provisions which are sometimes quite complex", says Ms. Andrea Schölermann of Condor Group.
"What's more, the FINAS provision optimisation programme offers an excellently designed surface as well as true value for money. Also, the fact that it is already being successfully used by a number of companies was important to us."
Two months are scheduled for implementation at Condor. Various adjustments to meet the company's specific requirements will be made, e.g., integration with Condor's contribution tables. The system will be rolled out in October 2005.
"We are happy to have won Condor Group as a new customer", states Manfred Schmaderer, Sales Director of BRAIN FORCE Financial Solutions AG.
"With the FINAS provision optimisation programme, Condor is now in a position to compare provision for old age products in order to best meet customers' needs."
Condor Group has over 4,000 independent brokers and agents who will be able to use the programme from BRAIN FORCE Financial Solutions from October to support their sales activities.
About the Condor Group:
In the mid 1950s, the Condor Insurance Group was set up by Rudolf August Oetker. Ever since, the company has been family owned. The affiliation with the Oetker Group was and still is the basis for a solid and continuous business policy.
Condor Allgemeine, as a classical indemnity insurance, is well positioned among both retail and industrial customers and has areas of special expertise e.g. in the transport segment.
Condor Leben, which emanated from the pension funds of the Oetker Group, offer a broad variety of services with a focus on company pension schemes.
Furthermore, the automobile insurer Optima Versicherungs-AG as well as Optima Pensionskasse are members of the Condor Group. They all feature an innovative spirit together with flexibility and quality.