VP/MS
Original author(s) | CSC |
---|---|
Initial release | 1997 |
License | corporate and individually negotiated |
Website | www.csc.com |
VP/MS (Visual Product Modeling System) is a family of
VP/MS supports processes like product definition and administration, product testing and documentation, design checks, visualization and cross-platform usage of products. In addition to hosting product definitions, VP/MS is a
VP/MS is
Product server
VP/MS is a product server[7] – 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.[3][5] 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.[5]
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.[1]
VP/MS users
Industries
VP/MS is industry-neutral[1] – 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,[7] VP/MS is applied broadly and extensively in insurance.
Among users of VP/MS are
Other sectors where VP/MS’s underlying rules management capabilities are applied include
Design
VP/MS Workbench is the main environment for modeling in VP/MS.
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.[3][5] VP/MS Runtime is then responsible for sharing a single instance of a product across various platforms.
Implementation
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.
Multi platform capabilities
J-VP/MS integrates VP/MS calculation rules into existing
Summarized history of VP/MS
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.
See also
- ACORD
- Custom software
- Financial data vendors
- Financial modeling
- Financial services
- Modeling language
- Records management
- Risk management
- Software as a service
- Software developer
Notes
- ^ a b c d e "VP/MS Product Flexibility" (PPT). 2007. Retrieved 2009-07-22.
- ^ a b "Making The Case For Centralized Processing" (PDF). James Daggett (Tech Decisions). 2007. Retrieved 2009-07-22.
- ^ a b c "Visual Product Modeling System Brochure" (PDF). 2008. Retrieved 2009-07-22.
- ^ "Model Carrier Component Recognition". Globe Investor. Retrieved 2009-07-22.
- ^ a b c d e f "Visual Product Modeling System (VP/MS)". 2008. Retrieved 2009-07-22.
- ^ "CSC LEF Report on Open Source software" (PDF). CSC. 2004. Retrieved 2009-07-24.
- ^ a b "Some Patterns for Insurance Systems" (PDF). Wolfgang Keller. 1997. Retrieved 2009-07-22.
- ^ "Life Annuities and Pensions". CSC. 2008. Retrieved 2009-07-22.
- ^ "Property and Casualty". CSC. 2008. Retrieved 2009-07-22.
- ^ "CSC signs four insurers to VPMS". finextra. 2004. Retrieved 2009-07-22.
- ^ "Novarica list of US companies using VPMS in 2008". 2008. Archived from the original on June 22, 2009. Retrieved 2009-09-07.