VP/MS

VP/MS is a product server{{cite web|url=http://www.objectarchitects.de/ObjectArchitects/papers/Published/ZippedPapers/inspat03.pdf | title=Some Patterns for Insurance Systems | publisher=Wolfgang Keller| year=1997| access-date=2009-07-22}} – a software tool that hosts all knowledge on insurance and other products centrally and provides it to application systems in various deployment scenarios and across various platforms.

The outcome of a VP/MS-designed model is modular, portable calculation rules. VP/MS rendered calculation rules are in turn incorporated with associated applications, such as VP/MS Designer or J-VP/MS, to create (respectively) GUIs or a calculations architecture compatible with existing software architecture.

Systems used by insurance policy administrators, product brokers and web servers ultimately rely on libraries of VP/MS rendered architecture for the production of product illustrations and calculations.

VP/MS is industry-neutral – it is a generic tool that is not designed to be used exclusively within a specific industry. VP/MS has been deployed within non-insurance applications as a general rules engine. However, since it was developed within an insurance context, VP/MS is applied broadly and extensively in insurance.

Among users of VP/MS are life insurers and providers of pensions,{{cite web|url=http://careers.csc.com/life_annuities_and_pensions/ds/11339/18290-visual_product_modeling_system_vp_ms | title=Life Annuities and Pensions | publisher=CSC| year=2008| access-date=2009-07-22}} property and casualty insurers{{cite web|url=http://www.csc.com/p_and_c_general_insurance/ds/24242/26621-visual_product_modeling_system_vp_mss | title=Property and Casualty | publisher=CSC| year=2008| access-date=2009-07-22}} and health insurers{{cite web|url=http://www.finextra.com/fullpr.asp?id=568 | title=CSC signs four insurers to VPMS| publisher=finextra| year=2004| access-date=2009-07-22}}

Other sectors where VP/MS’s underlying rules management capabilities are applied include banking, energy and utilities.

VP/MS Workbench is the main environment for modeling in VP/MS. As such, it is used extensively in the back office during the design or maintenance of product rules. Actuaries, financial modelers, business analysts, product specialists and programmers are among those using VP/MS during this phase.

A number of supplementary components support this phase of the product lifecycle. Examples are VP/MS Documentation Suite, VP/MS Test Suite and VP/MS Checker. Product managers use VP/MS Model Manager for an overview, product release and versioning, team collaboration and access control. VP/MS Runtime is then responsible for sharing a single instance of a product across various platforms.

After the design phase, VP/MS hosted architecture is supplied to the organization via related applications. For example, IT specialists use VP/MS Designer and J-VP/MS to integrate model libraries with end-user applications. The product server is sold as part of other applications under different names.

J-VP/MS integrates VP/MS calculation rules into existing software architectures via standard interfaces and technologies such as Java EE, XML-based SOAP, WSDL and Struts.

1995 – VP/MS was designed by a team of M+I Unternehmensberatung GmbH (an Austrian consulting company, founded by Gerhard Friedrich and partners) with Interunfall Versicherung AG, a subsidiary insurance company of Generali Austria as the first client. Software development was done by CAF GmbH (a German software development company). It is originally named Versicherungsprodukt-Modellierungssystem (which translates to "insurance product modeling system").

1996 - M+I and CAF start to sell VP/MS to insurance companies in Germany, Austria and Switzerland.

1998 – Development of VP/MS Designer by CAF.

1999 - PMS Micado (the German subsidiary of the US based Policy Management Systems Corporation) takes over CAF and obtains a worldwide general license to develop and sell VP/MS from M+I and Generali.

2001 – CSC takes over ownership of Policy Management Systems Corporation and all subsidiaries. Introduction of J-VP/MS and integration of VP/MS into CSC offerings.

2003 – Development of Eclipse-based VP/MS Model Manager.

2005 – Development of Eclipse-based VP/MS Test Suite.

2006 – Development of Eclipse-based VP/MS Documentation Suite.

2008 – Development of Eclipse-based Workbench and VP/MS Checker.

2017 - CSC is now a part of DXC Technology

In 2009 there are over 140 companies in 24 countries using VP/MS, e.g. Axa, Generali and Uniqa. A market research source{{cite web|url=http://www.novarica.com/report_vpms_ace.shtml |title=Novarica list of US companies using VPMS in 2008 |year=2008 |access-date=2009-09-07 |url-status=dead |archive-url=https://web.archive.org/web/20090622155821/http://www.novarica.com/report_vpms_ace.shtml |archive-date=June 22, 2009 }} listed the following VP/MS users in the USA in 2008: American National, New York Life, Ohio National and Symetra.

• ACORD
• Custom software
• Financial modeling
• Financial services
• Modeling language
• Records management
• Risk management
• Software as a service
• Software developer

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Category:Computer-related introductions in 1997

Category:Component-based software engineering

Category:Business software