Digitalization of business processes in your insurance company
Today, doing business in digital is a state of mind. That is why, efficiency-oriented companies are looking to bring order into the until now tiresome processing of long spreadsheets and complex statistics when it comes to the management of reinsurance. Many insurers have highlighted the challenge when dealing with outgoing reinsurance premiums, calculations of all relevant reinsurance values, and reporting.
msg.Reinsurance is an effective cloud-ready solution which enables end-to-end coverage of the entire insurance value chain in the insurer’s life cycle. The system supports, both proportional and non-proportional reinsurance, including obligatory as well as facultative reinsurance. Our solution makes it possible to keep all of your reinsurance treaties in one place defining rules of settlement of reinsurance values, have all information at hand at any given moment, and to link those reinsurance rules, to an arbitrary number of reinsurance companies. With msg.Reinsurance also being a service-oriented system, it also enables the user to gain insight, not only on which parts of ins. contracts are reinsured, but also the distribution of reinsured risks within the process of underwriting.
Make it part of your IT landscape as an integrated part of your system, or use all of its services as an independent system, either way, gather, centralize and analyse your reinsurance data with precision and speed.
Our highly efficient standard IT-solution optimizes your administrative processes, provides extensive mapping of all relevant data, and offers a uniform system architecture, thus ensuring optimal and secure implementation of your reinsurance business.
THE POWER OF THE CLOUD
Our microservice-structured software solution can be deployed in the form of Docker images and is therefore cloud-ready. With cloud come endless possibilities and opportunities for your company, such as the ability of auto scaling, advanced resilience and self-healing mechanism, replications over different data-centres and time zones, detailed monitoring, 24h/7 availability, modern security technologies and all the other benefits that come with cloud environments.
The option of prescheduled batch-processing enables you to significantly increase the automation of complex routine tasks as well reduce as processing times. Our solution significantly boosts productivity and processing quality within the digital world of processes.
Well-predefined interfaces make sure for a seamless workflow of all your business processes. Ranging from the import of contract states, technical provisions, claims and claim reserves directly from the contract administration system, the export to the general ledger and Data Warehouse, up to the authorization service and UI, msg.Reinsurance supports a secure and dependable information exchange and quick production start to all times.
msg.Reinsurance offers a synchronized support of contract management systems in order to provide information regarding reinsurance portions and accumulation of risks in the offer during the quoting process.
COMPREHENSIVE DevOps SERVICE
Since our software solution is cloud ready, msg life can provide the application environment, software maintenance, and technical operations. The service-level with its flexible financing models can be individually tailored to your needs.
msg life odateam d.o.o.
Titova cesta 8
Phone: + 386 2/ 2356 200