euro adhoc: COR AG Insurance Technologies
COR AG gains another
client in the private pensions segment (E)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
DBV Winterthur Lebensversicherung AG will be administering private Riester pension policies via the Vorsorge Lebensversicherung AGs administration platform in the future, which means that the technical portfolio management will be implemented using COR AGs COR-Life system. The relevant contracts have already been signed.
The successful standard software, COR-Life, has been installed on an administration platform at Vorsorges data center. This offers providers of modern pension products a low cost and secure means of administering their insurance policies.
As software provider, COR receives a flat-rate minimum charge and a dynamic fee that is linked to the premium volume of the administered policies. This means that COR will profit in subsequent years from the anticipated positive development in the growth market of pensions. The order volume for the next five years thus amounts to more than one million euros.
In recent years, COR AG has been remarkably successful in the company pensions segment with its COR-Life administration software and will now be able to consolidate its position in the private pensions market.
end of announcement euro adhoc 24.09.2003
Further inquiry note:
COR AG Insurance Technologies
Investor Relations
Karlsruher Str. 3
D-70771 Leinfelden-Echterdingen
Telephone: +49 / 711 / 94 95 80
E-mail: ir@corag.de
Internet: http://www.corag.de
Branche: Software
ISIN: DE0005083208
WKN: 508320
Index: Prime Standard
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Niedersächsische Börse zu Hannover / free trade
Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Bremer Wertpapierbörse (BWB) / free trade
Börse Düsseldorf / free trade
Baden-Württembergische Wertpapierbörse / free trade