- Business
- msg life ag (MSGL.HM) develops and markets software solutions, provides consulting services, and offers cloud-based platforms primarily for life insurance companies and pension fund institutions in Europe and the United States. Its core products include msg.Life Factory, a modern policy administration system for life insurance and pension products featuring flexible processes, actuarial models, and cloud/SaaS deployment options; msg.Insurance Suite, a comprehensive platform integrating policy administration, group life management, pension settlement via msg.Ran, tax reporting with msg.Tax Connect, allowance management through msg.Zulagenverwaltung, billing solutions, transaction control and document management with msg.Office, and audit-proof data management using msg.Ilis; migration tools such as msg.Migration Analyze, msg.Migration System, msg.Migration Archive, and msg.Migration Factory; as well as digital consulting, implementation services, and full IT operations under SaaS/cloud models with providers like AWS, Azure, Google, and IBM. The company targets insurers in life, health, and group segments, with a leading market position among German-speaking life insurers, and operates through subsidiaries in Germany (Leinfelden-Echterdingen headquarters, Ismaning, Hamburg, Cologne), Austria (Vienna), Switzerland (Zurich), Netherlands (Almere), Slovakia (Bratislava, Košice, Žilina), Portugal (Oporto), Spain (Madrid), and the USA (New York, Denver, Boca Raton). Founded in 1980 as a subsidiary of msg systems ag (now under msg group GmbH with 77.30% ownership), msg life ag employs over 1,200 people and co-brands solutions like msg.Insurance Suite with msg nexinsure ag under the msg insur:it initiative.
In 2024, msg life ag restructured by relocating subsidiaries msg life central europe gmbh and msg life global gmbh headquarters to Ismaning, Munich, dissolving unified management responsibilities with msg nexinsure ag effective January 1, 2025 to focus on specialized segments while continuing collaboration on msg.Insurance Suite, and establishing msg health ag for digital health solutions within the msg Group. AXA Konzern AG adopted msg.Life Factory as its first German cloud-native insurance platform on AWS, enhancing flexibility and scalability; ISG positioned msg life as a "Leader" in life and pension platform solutions per its 2024 Provider Lens report; and the TRAIL.X project with Ludwig Maximilian University of Munich advanced AI-driven actuarial function transfers for migrations using explainable AI and large language models, funded through 2026. The company settled a major project termination with a customer via a 19.0 million euro credit note covered by msg systems ag indemnity, contributing to net profit of 10.5 million euros; enhanced its ISO/IEC 27001-certified ISMS for DORA compliance; and maintained profit transfer agreements yielding 20.3 million euros from msg life central europe gmbh. These developments supported revenue growth to 87.1 million euros and equity of 76.7 million euros as of December 31, 2024.