DGAP-News: 'Münchener Verein' opts for adesso product in|sure General in the field of composite insurance

"Münchener Verein" opts for adesso product in|sure General in the field of composite insurance

To be even better prepared for the increasing digitalisation of the insurance sector, "Münchener Verein Allgemeine Versicherungs-AG" (Münchener Verein) will be using the standard software package offered by adesso insurance solutions GmbH for its composite policies in future. After launching in|sure PSLife for portfolio and claims management for life insurance and in|sure Partner for partner management, with in|sure General, the insurance group is now introducing a further component of the in|sure comprehensive IT package. Apart from licence purchasing, the remit includes providing services for launching, migrating the entire contract portfolio, and a multiple-year maintenance contract. By the beginning of 2018, adesso insurance solutions GmbH will provide its solution for productive use in the field of accident insurance. All other areas of composite insurance will then follow successively.

The primary reasons that Münchener Verein decided for the in|sure standard software created by adesso insurance solutions GmbH were the need to address the requirements of its customers even more quickly and efficiently, the growing need for rapid product developments and launching them onto the market, and changes in customer behaviour due to digitalisation. The system provides all the right tools for a state-of-the-art, open architecture. "We consciously did not want to use a system partially or wholly developed in-house for claims and portfolio management, to enable us to concentrate on developing our own products," explained Dr Martin Zsohar, member of the board of the Münchener Verein insurance group and Chief Operating Officer (COO) responsible for digitalisation. "With in|sure we have found a standard product that allows us to serve the needs of our customers in terms of modern insurance products more quickly and flexibly than ever. And thanks to their comprehensive release capability, our systems are always up to date, both technologically and functionally."

in|sure General provides the full range of portfolio and claims management for composite insurance. The complete automation of all business transactions and the standardised representation of portfolio and claims information enable Münchener Verein Allgemeine Versicherungs-AG to design its core processes even more efficiently than before. With its open architecture model and flexible interface design, in|sure General can be easily integrated in the insurer's existing system landscape.

In 2016, the partner administration system in|sure Partner was successfully introduced at the Münchener Verein life insurance company. Using in|sure PSLife, the customer launched the first life insurance products according to plan.

 

Information on Münchener Verein
The origin of the insurance group is firmly based on the cooperative idea of creating an economic self-help organisation for trade and industry. It all began with the founding of "Münchener Verein Krankenversicherung a.G." as the insurance institution of the Bavarian Industry Federation in 1922. Today, the mutual insurance company also operates with its subsidiaries in the fields of life insurance and general insurance. Most recently, the company was presented with the "German Service Award 2017" and the "Insurer of the Year 2017" by the Deutsches Institut für Servicequalität (DISQ). For more information, please go to: www.muenchener-verein.de.

adesso insurance solutions GmbH
adesso insurance solutions GmbH houses the adesso Group's own product portfolio for the insurance market and develops software and services for handling technical business processes on behalf of customers. The company offers compatible standard software products for inventory and claims management, to include all insurance segments, on the in|sure platform and is responsible for their integration into customers' application landscapes. Apart from the core applications for private health, composite and life insurers, the portfolio offers a partner management application (in|sure Partner), a product modeling application (in|sure Product Manager) and a system for software-supported migration (insure|MIGSuite).

adesso Group
With over 2,200 employees and annual sales of EUR 260.4 million in 2016, adesso Group is one of the largest German IT service providers and has outstanding opportunities for growth. At its own locations in Germany, Austria, Switzerland, Turkey, USA and the UK as well as at numerous customer sites, 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. 2016, adesso was awarded as the best employer in the german IT-sector.

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