Mecklenburgische Versicherungsgruppe from Hannover has decided to introduce in|sure PSLife by adesso insurance solutions. In the future, both new business and existing contracts in the life insurance division will be administrated based on in|sure. The go-live with all the current insurance products and rates plus the accompanying portfolio processing is planned for the beginning of 2022. By the end of 2023, all contracts with older rates are expected to have been migrated to the modern administration software.
With over 222 years' experience, Mecklenburgische is Germany's oldest private insurance company with national business operations. 24 regional head offices and two sales offices nationwide support the over 800 full-time agents on site. The life insurance division accounted for more than a fifth of the total premium income of 594 million EUR in 2019.