Afida’s migration and portfolio management contract with Frankfurter Leben Holding (FLH) will see the adesso subsidiary take over around 150,000 life insurance policies from the former portfolio of Generali Deutschland Pensionskasse, which are to be migrated to the cloud-based Afida platform. The Afida business model is specialised in efficient, cost-effective management and processing of life insurance policies. As a modern software-as-a-service (SaaS) solution, Afida is the cornerstone of Frankfurter Leben Holding’s forward-looking policy management business for life insurance.
The new agreement between the two partners means that, in addition to the around 500,000 life insurance runoff policies held by FLH, Afida GmbH will now also migrate Frankfurter Leben’s new FLH portfolio to its platform and provide its end-to-end infrastructure in the form of software as a service. The portfolio of Generali Deutschland Pensionskasse, which is part of the Italian Generali Group, a pioneer in the runoff business, marks another step forward in this expansion strategy.
Lars Krug, CTO of the Frankfurter Leben Group, has good reasons for awarding this upcoming contract to adesso: “Afida’s SaaS platform will also enable us to migrate smaller and medium-sized portfolios quickly and 100 % reliably at attractive conditions. We are delighted to have worked together so well and in a spirit of trust over the past year. It is proof for us that we have chosen the right partners for this sensitive business in Afida and adesso.”