Simplify your IT system landscape
Calculating a pension prognosis is traditionally taken care of by the policy administration system. And there are a lot of things these systems are perfectly suited for, but calculating more than one prognosis is not one of them. A prognosis is used to calculate the current state of the customer’s payment expectations when they retire, but it is also used to show the customer multiple what-if scenarios. What happens if I retire two years earlier? How does it look if I put some more money into my pension plan? What is the risk to my investments?
These scenarios, and many more, are the basis for the customer journeys – and the calculations have to be fast. There is a platform that can effortlessly handle this.
The Obex Platform
The Keylane Obex platform has a module tailormade to do prognosis calculations extremely fast – we call it the Projection module.
Projection can calculate based on the industry rules, but it can also be configured to calculate on the specific rules from a pension provider. Some pension providers have replaced their multiple prognosis engines with Keylane Projection. By doing this, the system landscape is simplified and system maintenance is reduced significantly.
The Obex platform is based on a true service-oriented architecture, which means you can build your own customer journey by using our well-defined APIs.
The platform uses automated scale-up / scale-down of server usage, which allows you to create a prognosis for the entire portfolio, and only pay for what you use.
Read here how the Danish pension company AP Pension simplified its IT system landscape with the Projection module of Keylane Obex.
Please contact Lars Jacobsen, Director, at firstname.lastname@example.org if you want to know more.