Delta Lloyd decides in favour of Profidata’s XENTIS

Monday 27.05.2013

As part of the realignment of their business strategy Delta Lloyd Germany
AG (Delta Lloyd) has chosen XENTIS to manage their investments. The basis
for this decision was the high level of functionality, user friendliness and the
optimal price/performance ratio offered by XENTIS.

With the acquisition of an additional client in the insurance sector, Profidata Group (Profidata) has further consolidated its position as the investment management provider of choice to insurance companies.

Delta Lloyd currently manages the assets of around 500,000 insurance contracts. XENTIS will provide the basis for this: after extensive system evaluation, Delta Lloyd deemed XENTIS to be predestined for the realisation of their business model.

XENTIS was able to particularly stand out from its rival due to its investment controlling functionalities. Because Delta Lloyd is organised in the form of an insurance conglomerate and there was a requirement to avoid risk concentrations regarding investment and credit volume in its subsidiaries, it was necessary to map the individual organisation units via a modifiable portfolio structure. Compliance with investment limits in accordance with investment ordinance (AnIV) ex-ante and ex-post was assessed in addition to the position keeping and portfolio analysis of illiquid and thus theoretically valued interest-bearing securities in the XENTIS Front Office. Moreover, Delta Lloyd not only reviewed the compilation of statements for insurance regulatory reporting but also the comprehensive possibilities for a Solvency II implementation in XENTIS. Flexible management of master, transaction and positional data, which can be called from anywhere in the system and extracted using simple queries, was paramount in this regard. Furthermore, Delta Lloyd placed particular importance on the ability
to create new products at any time in XENTIS using financial instrument modelling, to display the life cycle of these products using parametrisable transaction types, and to book them in accordance with national and international accounting standards.

With regard to the decision in favour of Profidata, Christof W. Göldi, CEO of Delta Lloyd Germany AG, said: ‘from a technical and professional standpoint we were very much convinced by Profidata. The company itself and their software solution impressed us during the evaluation phase. Standardised processes are enhanced by the individual settings without impeding the intuitive user guidance. XENTIS will help us to implement our business strategy in a
systematic and effective manner whilst taking economic aspects into consideration’.

Peter Klein, Member of the Profidata Group Management Board, is delighted to welcome Delta Lloyd as a new insurance customer: ‘Through the application of XENTIS for investment management at Delta Lloyd, Profidata has succeeded in acquiring a renowned German insurance customer. XENTIS is increasingly proving its mettle as an innovative and easy to
implement solution for the investment management of insurance companies.’

Delta Lloyd Germany AG specialises in life insurance portfolio management and employs more than 200 employees at its headquarters in Wiesbaden. Originally the company has been arised from Berlinische Lebensversicherung AG, founded in 1836, and is now part of the Dutch Delta Lloyd Group.

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Delta Lloyd Group

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