Regnology - Abacus Insurance
Type of System
- Data management
- ECB Insurance Statistics Reporting
- Internal/external reporting
- National reporting for France and Ireland
- Pension fund reporting
- Solvency II solution
Type of platform
What are the typical implementation costs?
Abacus Insurance can be installed within a few days but the effort to set up the entire data collection from the source systems depends on the complexity of an insurer's IT landscape and existing data quality. Therefore, implementation time and costs cannot be quantified without knowing each insurers’ specific situation.
How long does your software take to implement on site?
The integration with existing source systems can range from few weeks (small companies with one source system) up to several months (large multinational companies with a number of source systems to be integrated).
Abacus Insurance leverages a highly extensible Java and web-based client-server, three-tier-architecture, a relational database system, and standard interfaces. With its IT infrastructure, the software is platform-independent, multi-tenant and scalable and can be flexibly adapted or enhanced, both technically and functionally. It can also be smoothly integrated into complex system landscapes.
Furthermore, Abacus Insurance is a web-based application and therefore also offers an ideal basis for an outsourcing solution. Abacus Insurance is available as an on-premise solution and as SaaS (software as service), which allows insurance companies to further minimize the IT development costs and deployment effort.
Please name companies that use the system/solution
Clients include very large multinational insurers as well as mid-sized and small domestic insurers in 21 countries across Europe. They include AFA Insurance, Swiss Life and many more.