euro adhoc: COR AG Insurance Technologies
COR secures a major
contract - Sparkassenversicherungen Baden-Württemberg and Hessen
Nassau Thüringen opt for COR-Life (E)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
COR AG Insurance Technologies, Leinfelden-Echterdingen, has managed to win an important new customer in the life insurance sector. Following their merger, Sparkassenversicherungen Baden-Württemberg und Hessen Nassau Thüringen, have decided to install the COR-Life policy portfolio management system for the administration of their life and pension insurance products. When the existing systems have been replaced, more than 1.5 million policies will be administered with the COR-Life system.
In the extensive evaluation phase, COR secured the contract despite strong competition based on the convincing concept of its standard software and the associated outstanding economic efficiency offered by the COR system.
The order volume (license revenue and services) will amount to a high nine-digit figure over the next three years.
COR has already been extremely successful over recent years in the company pensions market with its COR-Life software and this new contract will further reinforce its excellent market position in the life insurance market.
end of announcement euro adhoc 04.02.2004
Further inquiry note:
COR AG Insurance Technologies
Investor Relations
Karlsruher Strasse 3
70771 Leinfelden-Echterdingen
Phone: +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