News from adesso insurance solutions

InThe “Business Model Life Insurance 2025 - 2030 – A European Perspective” study published by adesso insurance solutions and Versicherungsforen Leipzig forecasts the further development of the business model and offers guidance for the strategic orientation of life insurers.

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(available in German only)

In the future, Barmenia Krankenversicherung AG will be using in|sure Health Claims, the claims management software from adesso insurance solutions, for processing private health insurance claims.
Currently, Barmenia's claims service uses an in-house development that is connected to the in|sure Health Policy management system, which is also from adesso insurance solutions.
The expanded use of these in|sure products is intended to strengthen the future viability of technology and to implement the latest software standards. As part of the overall project, which is scheduled to run until 2024, the existing application will be replaced, the benefit data will be migrated and the new software will be integrated into Barmenia's IT landscape.

adesso insurance solutions GmbH has acquired a majority stake in the pension strategy consulting firm RIES Corporate Solutions GmbH. As a specialist for benefit administration software, adesso has thus further expanded its own range of services in the field of occupational benefits (occupational pension schemes, working time accounts and partial retirement) and has integrated legal, strategic, business management and actuarial consulting, as well as insolvency protection and administration, into its portfolio.

The pollination performance of the honey bee ensures the diversity of food. It is mainly responsible for good harvests and ecological biodiversity. A world without bees would have fatal consequences for the ecosystem in general and for us humans in particular. Bees form an important symbiosis with the plant world: bees need the nectar of the plant as food to survive - plants need a pollinator to spread their pollen and thus reproduce. Among all pollinators, the honey bee plays the greatest ecological role: almost 80 percent of all crops and wild plants are pollinated by the Western honey bee.
For these reasons, adesso insurance solutions supports the bee protection initiative PROJEKT 2028 in the DACH-region as a sponsor. The goal: Ten percent more bees in ten years.

ARAG SE has chosen the AI-based solution Aisaac as a service for the automated data readout i.e. structuring of administrative offenses/crimes in road traffic. The objective is to accelerate and automate processes through the use of technology solutions that lead to a noticeable reduction in the employee workload.

The modular structure of Aisaac should be emphasized. Aisaac can be used in selected specialist areas, under individual specification of which information is to be extracted from the available processes. This makes the step-by-step digitization of entire departments conveniently possible.

Klaus Kozik, Head of the Legal Services Department at ARAG SE:
"We were impressed with Aisaac's process automation offering. In a proof of concept, the high data quality of Aisaac could be proven when compared to other service providers. The outstanding speed in which the data provided by our company was returned as structured data by Aisaac was convincing. We are confident that the combination of high data quality and speed will enable process automation. The productive start of Aisaac in May 2021 has made it possible to have processes handled in an automated manner in a high two-digit percentage rate.

The Pensionskasse der Mitarbeiter der Hoechst-Gruppe VVaG, one of the largest pension funds in Germany, has decided to comprehensively renew its application landscape based on products from adesso insurance solutions GmbH. Furthermore, a long-term maintenance agreement was also signed. With the pension fund of the employees of the Hoechst Group, adesso insurance solutions won the first customer for its new product, in|sure PenPay. The already diversified product portfolio for pension funds and company pension schemes is thus expanded by adesso insurance solutions to include a settlement system for benefits from the bAV.

The administration of provident fund commitments is technically complex. In order to automate these administrative processes in the future, Continentale Unterstützungskasse decided to use our solution in|sure CollPhir. With in|sure CollPhir, processes such as verification of corporate tax liability, creation of PSV attestations, generation of the commercial and tax balance sheet, administration of payment transactions and much more can be handled easily and in compliance with the law. in|sure CollPhir is the IT solution for the administration and communication of company pension schemes within our application landscape in|sure Ecosphere. 

Die Bayerische has opted for our product in|sure GovInterface. Within our in|sure product family, in|sure GovInterface is the IT solution for the individual contractual processing of legal reports to authorities. All available data is transferred from the necessary systems via an interface, checked for relevance to the report, prepared accordingly and reported to the authority as a data record. Thereby in|sure GovInterface ensures the completeness of the reports.

Mecklenburgische Versicherungsgruppe from Hannover has decided to introduce in|sure PSLife from us. In the future, both new business and existing contracts in the life insurance division will be administrated based on in|sure. The go-live with all the current insurance products and rates plus the accompanying portfolio processing is planned for the beginning of 2022. By the end of 2023, all contracts with older rates are expected to have been migrated to the modern administration software.

SOKA-BAU chose the policy management system in|sure PSLife and the software solution MIGSuite for data migration from us. This means that by the middle of 2023, one of the largest pension funds in Germany will have completely reorganized the way it keeps track of its funded pension products. With this alliance, we confirm our leading role as a partner for medium-sized pension companies.

Süddeutsche Krankenversicherung (SDK) will carry out a complete modernization of its application landscape until the end of 2025. adesso will support the project as a strategic partner in planning, controlling, implementation and also employee qualification. We were able to convince the SDK with a corresponding package in the tender, which also contains software products specialized on the insurance business. Currently, licenses worth a single-digit million euro amount have been concluded and a joint roadmap for further projects has been developed.

DEVK Versicherungen have chosen the Aisaac AI-based solution as a service for the structuring and digitization of incoming invoices for motor vehicle registration certificates. This will close digitization gaps from October 2020 and create the basis for process automation. Peter Boecker, Head of the Property/HUK Claims Department, sums up why the Aisaac AI solution was chosen: "Aisaac has already been used successfully in other areas of our company for years. In the end, we were convinced that the intelligent Aisaac process focuses on maximum data quality. This way we get a noticeable relief for the clerks right from the start". Jan Langkau, Aisaac division manager, adds: "In addition, one of the most important added values in structuring the unstructured cover letters is that the attributes to be extracted can be configured individually. DEVK gains a considerable procedural advantage by using Aisaac."

In December 2019, two more insurance companies opted for our in|sure-product family. Continentale Krankenversicherung a. G., one of the ten largest private health insurance companies in Germany, will restructure its existing system landscape in the area of portfolio management and benefits management on the basis of in|sure by 2023. In addition to full insurance, one focus will be on the mapping of group contracts using in|sure Health Collective. Following DEVK's decision in the previous year to use in|sure as a product for managing private health insurance, the in|sure PSLife portfolio management system for life insurance policies was also licensed for the pension fund. The software solution in|sure CollPhir for company pension schemes is a fundamental component of this. Together, the concluded contracts comprise licenses worth more than EUR 5 million. In addition, implementation contracts and multi-annual maintenance contracts were concluded.

Congratulations! Yesterday, our client andsafe won the Handelsblatt Diamond Star Award as the “Best Digital Insurance Platform”. We are proud to be a part of this success story. We started the project in 2018 on the “Grüne Wiese” (Green meadow). The new digital commercial insurance was equipped with our in|sure platform and a complete, cloud-based application landscape was set up. So to speak, the insurance infrastructure from the socket à la plug-and-play. We are very happy for andsafe, and once again send a huge thank you for the great cooperation and are already excited about how andsafe will develop further!

adesso insurance solutions GmbH achieves the highest license sales of a quarter so far with its proprietary in|sure product family for the insurance industry. In the first six months of 2019 alone, the volume of sales generated with licenses reached more than EUR 9 million, which is already significantly higher than the total for the year 2018. Two health insurance policies, one life insurance policy and the new online commercial insurer Provinzial NordWest contributed to the sales volume.

Our managing director Oliver von Ameln considers “cloud technology to be one of the major topics in the insurance industry, alongside artificial intelligence”. In a recent interview with the German insurance magazine VVWheute, he spoke about the “light and shadow” of the technology: https://be.invalue.de/d/publikationen/vwheute/2019/06/04/je-mehr-services-ueber-das-internet-angeboten-werden-desto-interessanter-ist-der-angriff-auf-diese.html 

This year, we took part in Digisurance in Berlin for the first time. This exciting event format aims to bring start-ups and insurers together and present projects and collaborations that are already working. One highlight was the board panel “From Cost Center to Profit Center: Does the future belong to this ‘buy and bill’ model”, in which our Managing Director, Oliver von Ameln, also took part in the discussion on the challenges.

In order to comprehensively modernize their application landscapes, the pension funds Pensionskasse der Caritas VVaG (PKC) and Kölner Pensionskasse VVaG i.L. (KPK) have opted for standard software from adesso insurance solutions' in|sure Ecosphere product family. PKC and KPK have also signed long-term maintenance agreements. The implementation project was launched on April 1, 2022 and is planned to run for almost two years. The aim is to keep the system landscape and the processes sustainable in the long run and to use additional strategic potentials for the new business models of the two German pension funds.