adesso Blog

The degree of digitalisation in facultative business is still significantly lower than in other areas of the company, even among the largest reinsurers. The reason lies in the nature of the business: it works with few, highly individualised contracts - but business processes that work with a high degree of standardisation and large volumes are best digitised. With the latest advances in the field of artificial intelligence (AI), the tide is turning: new solutions can be a game changer to increase the efficiency and quality of facultative underwriting and make data available for other applications.

Over time, reinsurers have built up considerable methods for identifying, assessing and reducing or even avoiding risks. Many of these methods could help us in our day-to-day lives in the pandemic as a supplement to the RKI’s recommendations. I will explain how the whole thing looks in concrete terms in my blog post.

The reinsurance business is extremely complex because of the many different types of processes and actors involved. As a result, there have been barriers to digitalisation at many companies due to the risks that come with complexity. However, potential opportunities are missed because of this. Dennis Hensch outlines what steps reinsurers can take to prepare for the digital transformation and how they can minimise risks.

In this blog post, I want to show you the ways a CRM system can support a reinsurer (assignee). You will also learn how this type of system helps to maintain an overview in new policy underwriting and during the policy renewal phase with the primary insurer (assignor).