COR&FJA AG plans to change its name to msg life ag(PresseBox) (Leinfelden-Echterdingen, )
With this step, COR&FJA's further integration into the msg Group will be advanced, also visibly from the outside, and the msg Group's overall presence as a brand in the global insurance business will be strengthened considerably. The intention is that the renaming scheduled for 1 October 2014 should be applied to as many of COR&FJA's European subsidiaries as possible.
Since its successful strategic realignment in the financial year ended, COR&FJA in Europe has been concentrating on its core business concerning all aspects of the development and implementation of standard software solutions for life insurance companies. In recent years, moreover, COR&FJA has been intensifying its cooperation with its major shareholder msg and its subsidiaries so that it will be able to offer an integrated portfolio across all insurance segments and all core processes of insurance companies.
In order to expand this successful approach further, msg would like to present itself on the market as uniformly as possible in the future. In connection with this, it plans to make COR&FJA's products and consulting services an integral part of the msg Group portfolio for the life insurance market.
With its workforce of more than 4,500 employees and planned turnover of 605 million euros in 2014, as well as a solid long-term earnings trend, the msg Group is one of the leading providers of IT solutions for the insurance industry. As the largest company in this successful group, COR&FJA will become a partner of even greater strategic importance for its customers and an even more attractive employer for its staff. Apart from that, COR&FJA's Management Board is convinced that by taking this step, it will be able to offer the company and its shareholders long-term income potential that considerably exceeds the current possibilities.
About the msg Group
msg is an independent, internationally active group of companies with more than 4,500 employees around the world. It offers an integrated portfolio of services that consists of imaginative strategic consulting and intelligent, sustainably value-adding IT solutions for the automotive, financial services, food, insurance, life science and healthcare sectors, the public sector, telecommunications and media, travel and logistics, and utilities sectors and has acquired an outstanding reputation as a specialist in these industries over a period of more than 30 years.
The range of different sector-and theme-specific focal points is covered by independent companies within the Group: in this structure, msg systems ag constitutes the core element of the Group and cooperates closely with the companies in functional and organisational matters. In this way the competencies, experience and expertise of all the members are bundled within an integrated solution portfolio with measurable added value for customers.
msg occupies fifth place in the ranking of IT consulting and systems integration companies in Germany.