DGAP-News

Frankfurter Leben Group to procure entire IT landscape from QSC's Pure Enterprise Cloud

DGAP-News: QSC AG / Key word(s): Contract Frankfurter Leben Group to procure entire IT landscape from QSC's Pure Enterprise Cloud 21.06.2017 / 10:00 The issuer is solely responsible for the content of this announcement. Frankfurter Leben Group to procure entire IT landscape from QSC's Pure Enterprise Cloud

Cologne, 21 June 2017 - The Frankfurter Leben Group, a run-off platform for the German life insurance market, will be procuring all aspects of its IT environment as a service from the Pure Enterprise Cloud at QSC AG. The Cloud and ICT provider will be making available all applications, computing power, storage and network services on demand. These IT services will be exclusively provided from QSC's proprietary data centres in Germany.

Flexible IT as cornerstone of corporate strategy

A dynamic IT environment is crucial to the functionality of Frankfurter Leben's business model. The company specialises in taking over and managing insurance portfolios from life insurers. Its objectives here include simplifying organisational and cost structures and thus eliminating actuarial risks, especially interest risks, and related financing issues. Frankfurt Leben's portfolio currently includes more than 120,000 insurance contracts taken over from Basler Versicherungen. Further takeovers are planned.

"Our business model requires a highly scalable IT platform enabling us to rapidly integrate applications and data for further life insurance policies into our IT", comments Kai Lewalter, Director of IT at the Frankfurter Leben Group. "With its open and flexible architecture, the Pure Enterprise Cloud will on the one hand allow us to draw on standardised commodity applications. On the other hand, we will also be able when necessary to transfer applications from the world of finance, which are in some cases highly individualised, to the cloud until they are consolidated into our platform at a later date."