Driving Successful Core System Transformation in the AI Age

msg attended this year’s ITC in Barcelona on 28 and 29 May with a stand and a keynote by our Board Member Milenko Radic (28 May, 11:35-11:55):

Driving Successful Core System Transformation in the AI Age

The keynote explored how organisations can overcome the hurdles that hold them back from replacing their legacy core system with a modern, AI-powered, SaaS-based platform.

• How can a phased transformation approach help insurers to reduce risk, maintain business continuity and introduce scalable cloud capabilities gradually?
• What are the key success factors for building a secure, flexible and future-ready core that enables continuous innovation?
• How can the combination of insurance expertise, data and AI unlock new business value?

Our colleagues gave everyone a look under the hood of our insurance core platform msg.Insurance Suite SaaS and our AI solutions msg.ask:it and msg.process:it.

Your path so tuccess: msg.Insurance Suite SaaS

• Every aspect of your insurance business on one cloud platform. An end-to-end solution for all lines of business.
• Rapid online deployment
• Top-level security and data protection
• Flexibility to respond quickly to future change
• On-time implementation of new regulatory requirements
• We also manage ops, so you save big on staff overhead
• Cost-effective pay-per-use model
• Infinite scaling
• AI-powered knowledge platform and process automation

Next level process automation with agentic AI: msg.process:it

msg.process:it is an AI agent that automates business and technical processes from end to end in the insurance sector.

AI-supported knowledge platform: msg.ask:it

msg.ask:it is an AI-supported knowledge platform tailored to the content and expertise of the insurance industry.

• Convenient access to company knowledge regardless of location and time
• Increased efficiency and quality through optimised knowledge transfer
• Curated, verified document base for the areas of insurance and regulation
• Innovative technology: semantic search technology and powerful language model
• Upload function for setting up a private or group workspace with authorisation concept and metadata control
• Deep research functionality and the option to expand the source base
• Support for batch queries (question catalogues)
• Available as a cloud/SaaS solution – provided as an online application with secure access

Maximize the efficiency of product management and pricing: Product Machine

Product Machine is a modular, AI-powered engine that simplifies and accelerates product and calculation configuration for insurance companies across all lines of business.

It empowers insurers to:

• Define, configure, update, and test products in days or weeks instead of months.
• Customize products to meet client needs with speed and flexibility.
• Ensure accuracy, consistency, and seamless integration across systems.