Novum-RGI continues to drive the Development of standardized SaaS Solutions for the international Insurance Market in 2022

The insurance industry is in the midst of digital transformation. When replacing old core and portfolio management systems, insurers are increasingly relying on standard software solutions that can ideally be used for all insurance lines. Modern and efficient IT systems are the prerequisite for meeting the increasing expectations of insurers – but they are also make up a significant cost factor. To keep costs under control without a major investment risk, insurers are increasingly turning to SaaS solutions.

As part of the RGI Group, one of the leading European players in the field of digitalization of insurance companies, Novum-RGI has been developing innovative software solutions for the insurance market for almost 30 years. Novum-RGI places a high value on offering insurers modern core and portfolio management systems that more than meet the challenges of digitization and guarantee insurers future security. V'ger P&C, the powerful software in the areas of liability & accident and automotive, has therefore rapidly developed into a standardized multi-line system for insurers.

In the future, the development focus will increasingly be on SaaS solutions that offer insurance customers great added value. New insurance products tailored to policyholders can be offered cost-effectively and customer requirements can be met more individually and more quickly. Insurers also benefit significantly from this: instead of high initial costs, recurring costs are incurred on a monthly basis and can therefore be planed. With the Novum Cloud Platform (NCP), Novum-RGI has developed a platform for this purpose that already solves many fundamental and complex issues associated with risks and costs through a globally unique security and compliance concept. Insurers can thus concentrate on their insurance products and sales strategies, and therefore on their core business. Implementation projects are drastically shortened by using a SaaS solution based on NCP. For this purpose, Novum-RGI, whose offering with regional contact partners is mainly focused on the DACH region, draws on a large experience and the solution portfolio of the RGI Group.

Many well-known insurers such as UNIQA, die Bayerische or Ostangler are already profiting from the developments. The great demand from many other renowned insurance companies shows that Novum-RGI is on the right track with its product development strategy, which will be continued this year.