EQS-News: SaaS insurance platform: Provinzial Group bundles several brands on cloud-based solution in|sure Ecosphere

SaaS insurance platform: Provinzial Group bundles several brands on cloud-based solution in|sure Ecosphere

Provinzial is intensifying its long-standing cooperation with adesso and will in future use the insurance platform in|sure Ecosphere as Software as a Service (SaaS) for the brands andsafe AG, S-Direkt Versicherung AG and ProTect Versicherung AG. By standardising the IT landscapes of the three companies, they can leverage synergies and adapt flexibly to market conditions. In addition, the use of cloud technology allows for better scaling and reaction to seasonal peaks, such as the change in car insurance in November. This leads to a reduction in IT operating costs. The comprehensive transformation to the new SaaS operating model should be completed by the end of 2026.

in|sure Ecosphere is already being used successfully at andsafe and is now also firmly established at S-Direkt and ProTect. As a SaaS solution, the platform is now moving from andsafe's cloud operations to adesso’s, which has been successfully offering this operating model for life insurance companies via its subsidiary Afida since 2022. It is now also being used in the property and casualty segment for the first time. adesso sees a growing market for SaaS product offerings, particularly in property and casualty insurance. The motivation on the customer side lies above all in the requirements for scalability, time-to-market and the desired focus on competitively differentiating corporate capabilities. The SaaS solution saves the customer money, increases process automation and facilitates entry into new business areas. The adesso Group is cooperating with Amazon Web Services (AWS) for cloud-based procurement – a model that the IT service provider has already successfully implemented with other insurers. The established platform in|sure Ecosphere from the subsidiary adesso insurance solutions is provided via this platform.

 

Provinzial

The Provinzial insurance group, headquartered in Münster, is one of the largest German insurance groups and has more than five million customers. Around 27 million people live in the Group's business area in the north and west of Germany. The Group's regional insurers, Provinzial Versicherung, Provinzial Nord Brandkasse, Hamburger Feuerkasse and Lippische Landesbrandversicherung, are firmly rooted in their respective business areas in North Rhine-Westphalia, Schleswig-Holstein, Mecklenburg-Western Pomerania, Hamburg and parts of Rhineland-Palatinate. More than 12,000 people work for the Group in the office and in the field, including 1,000 trainees. High-quality customer care is guaranteed by the sales partners in more than 1,300 Provinzial agencies, over 100 savings banks with their branches and through cooperation with brokers. andsafe AG, ProTect Versicherung AG and Sparkassen DirektVersicherung AG are the Provinzial Group's nationwide digital and specialty insurers.

 

adesso Group

With more than 10,200 employees and expected annual sales of more than EUR 1.25 billion in 2024, adesso Group is one of the largest German IT service providers with outstanding growth opportunities. At its own locations in Germany, other locations in Europe and the first locations in Asia, as well as at numerous local customers adesso offers consulting and software development services for optimising core business processes. adesso also offers ready-to-use software products for standard applications. The development of an own, industry-specific product portfolio opens up additional growth and earnings opportunities and is another key element of the adesso strategy. In 2023 and 2020, adesso was awarded the title of the best employer of its size in Germany across all industries. After having already achieved first place among IT employers in 2016, 2018 and 2020, adesso was ranked first again in 2023.

Contact:
Martin Möllmann
Head of Investor Relations
Tel.: +49 231 7000-7000
E-Mail: [email protected]