Product innovations in German life insurance
No one can deny that digitisation or the digital transformation have come to define how we do business today. As a result, reinsurance companies keen on becoming more efficient are looking for ways of optimising the tedious processing of long spreadsheets and complex statistics. Many insurers are also complaining about the challenges of dealing with outgoing reinsurance premiums, calculating relevant reinsurance values as well as reporting.
UAP.Reinsurance is an efficient cloud-ready solution enabling end-to-end coverage of the complete insurance value chain within the insurer’s life cycle. The system supports proportional and non-proportional reinsurance as well as obligatory and facultative reinsurance. The solution allows you to keep all your reinsurance treaties in one place, define the rules of settlement of reinsurance values, have all information at hand at any time and also link reinsurance rules to an arbitrary number of reinsurance companies. As UAP.Reinsurance is a service-oriented system, it gives the user an overview of the reinsurance contracts and to also distribute reinsured risks within the underwriting process.
Incorporate UAP.Reinsurance into your IT landscape – either as an integrated part of your system or as an independent system using the entire range of its services. Whatever you choose, you can look forward to collecting, centralising and assessing all your reinsurance data with both speed and accuracy.
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Our highly efficient, standard IT solution optimises your administrative processes and provides extensive mapping of all relevant data – with a uniform system architecture that enables safe and optimal implementation of your reinsurance business.
The option of prescheduled batch processing allows you to significantly increase the automation of complex routine tasks and also reduce processing times. Thus, our solution boosts productivity and processing quality considerably, especially in the digital world of processes.
Predefined interfaces ensure a seamless workflow for all your business processes – from the import of contract states, technical provisions, claims and claim reserves from the contract administration system as well as export to the general ledger and data warehouse to the authorisation service and the user interface. UAP.Reinsurance supports a secure and reliable information exchange and quick production start at all times.
WEB SERVICE UNDERWRITING
UAP.Reinsurance provides a synchronised support of contract management systems to provide information regarding reinsurance portions and accumulation of risks in the offer during the quoting process.
THE POWER OF THE CLOUD
Our microservice-structured software solution can be deployed in the form of Docker images and is therefore cloud-ready. The cloud offers endless possibilities and opportunities for your company – such as auto scaling, advanced resilience and self-healing mechanisms, replications over different data centres and time zones, detailed monitoring, 24/7 availability, modern security technologies and all the other benefits that come with cloud environments.
COMPREHENSIVE DevOps SERVICE
Since our software solution is cloud-ready, msg life can provide the application environment, software maintenance and technical operations. With its flexible financing models, the level of service can be individually tailored to your needs.
Tel: +49 711/9 49 58-0