Intelligent Solutions
for Reinsurance Management

With SAP Reinsurance Management (SAP FS-RI) we have developed the leading international standard software for reinsurance as well as for the reinsurance requirements of primary insurers. As a flexible, integrated solution, FS-RI supports all reinsurance business processes: underwriting, administration, renewal and termination of contracts and individual risks, invoicing and claims management, parallel accounting regulations, prognoses and estimates, etc.

SAP FS-RI is scalable and can be used flexibly, as proven by numerous installations for notable insurance companies around the world. All forms of reinsurance – mandatory and facultative, proportional and non-proportional, incoming and outgoing – are supported, including automatable retrocession. SAP FS-RI is able to operate in multiple languages and currencies.

We are constantly developing the software and adapting it to new market requirements – for example through optimized business process support, web service enabling or through support for the fulfillment of statutory requirements such as IFRS4 Phase 2. FS-RI thus remains future-proof and helps you to flexibly organize your reinsurance management.

The msg.Life Reinsurance Module (msg.LRM), an add-on to the SAP Reinsurance Management (SAP FS-RI), enables the comprehensive and flexible management of individual risks in the life reinsurance, both for assumed and ceded business. More about msg.LRM

In today’s fast-paced world, facultative underwriters are required to react quickly to cedents’ and brokers’ requests during the lifecycle of a policy. At the same time, it is vital for a reinsurance company to have detailed information of the portfolio’s exposure and risk structure to fulfill internal and regulatory reporting requirements. Consistent data is a key success factor in a big data world.

msg offers a Professional Underwriting Management Application (msg.PUMA) as part of msg’s reinsurance solution portfolio to efficiently support the facultative underwriter’s daily work. Standard processes are available for submission to binding, endorsements, extensions, renewals and cancellations irrespective of the line of business written. Technical accounting, claims handling as well as retrocession handling are fully integrated with FS-RI.

To support the market’s need for structuring big risk portfolios into programs, msg.PUMA provides functionality to administer master agreements and the respective program policies and special acceptances. The master agreement serving as a template for program policies and special acceptances allows cost efficient handling of programs and ensures data consistency.

msg.PUMA provides a new level of underwriting experience by offering a full set of underwriting features including underwriting notes, reminders and a graphical display of a policy statistic. At any point of time, the underwriter has full transparency of a piece of business.  

The Risk Aggregation Management (msg. RAM) is used to receive data from different policy management systems (PM systems), build risk aggregates according to specific risk characteristics, apply reinsurance programs and transfer results to the SAP Reinsurance Management FS-RI.

msg.RAM supports the primary insurance and reinsurance processes through

• Registration of pending (= currently being processed) insured risks, i.e. creation of pending risk data and/or the modification of existing risk data.
• Flexible aggregation of insured risks in risk aggregates based on customer-specific attributes and rules.
• Automatic determination of the reinsurance-relevant liability amount for aggregate-related cession groups. The algorithms to calculate this liability can be adapted to meet the customer's individual requirements.
• Calculation of cessions data based on the applicable reinsurance program.
• Check for complete coverage and return coverage information.
• Creation and change of prior cessions and cessions.
• Confirmation of new and changed insured risks and transfer of data to the FS-RI system.
• Processing of premiums and losses.

With increasing regulatory demands, the requirements for reinsurance reporting are also growing. To efficiently overcome these challenges, we can support you with our msg.Reporting solution. This SAP-based application offers standardized content for SAP Business Warehouse, delta extractors and templates for typical business reports such as claims triangle, major claims report, renewal report, contract extract, policy overview and gross/net view. These templates can be adapted to your individual requirements without any problems. You can also expand the content for reinsurance and create your own analyses and evaluations based on the overall data inventory of SAP Reinsurance Management (SAP FS-RI).

msg.Reporting is an add-on to SAP FS-RI (from Release 6.50) and to its expansion Life Reinsurance Module (msg.LRM) for life reinsurance. The technological basis is formed by SAP Business Warehouse (SAP BW) from 7.0 EhP1 and SAP BusinessObjects. Thanks to the open architecture of msg.Reporting, even the newest SAP BusinessObjects applications (e.g. Xcelsius) can be used to access company data from the BW content. In this way, valuable key figures for corporate planning can be generated.

A further expansion of msg.Reporting for primary insurance and for new technologies such as SAP BW 7.3 with SAP HANA will soon be available.

The Exchange Data Interface (msg.XDI) supports electronic data exchange between primary insurers, brokers, reinsurers and retrocessionaires and enables seamless integration of all communication partners. The solution is based on SAP Process Integration and uses the international ACORD standard. It can thus connect any desired, even heterogeneous, systems with the reinsurance solution SAP Reinsurance Management (SAP FS-RI).

The data exchange via msg.XDI is automated and secured via Web-Services. Time-consuming and error-prone manual entry as well as the creation and dispatch of printed documents are no longer necessary. Companies which use SAP and SAP FS-RI can thus standardize and accelerate processes and significantly reduce costs.

In the current version, data about claims and invoices can be both received and read in FS-RI and also extracted from there and sent to external recipients. Messages from the ACORD-RLC standard TechAccount, Settlement and ClaimMovement are supported pursuant to the EBOT and ECOT definitions for receipt and dispatch. The open architecture of msg.XDI also enables customer-specific dialects to be implemented with low expenditure.