iRE - Reinsurance
in the Cloud

Get in touch

Andreas Weiß - Senior Vice President Innovation
Products & Development - msg

Andreas Weiss
Senior Vice President Innovation
Products & Development

How iRE works

iRE is amongst the first Software as a Service (SaaS) offerings running on SAP Cloud Platform and is able to independently adapt processes through self-learning.

  • SET UP

    • 2 to 4 weeks
    • Program design
    • Treaty generation
    • Data structuring
    • Start learning mode

    An expert defines the program and treaty parameters, structures the data in advance and creates or modifies the rules for reinsurance business, all with the help of a self-learning algorithm.

  • RUN

    • Daily
    • Simplified data input for risks, premiums and claims
    • Real-time editing
    • Maximum transparency

    Transaction data is verified on a daily basis and data added as needed.

  • ENJOY

    • Daily
    • Reporting
    • Easy data exchange
    • Simulations

    Business results are verified in real-time based on the verified transaction data. Reports and quarterly statements are generated automatically. Forecasts and as-if simulations are possible as well. Allowing you, e.g., to see what sort of impact changing the reinsurance rules would have or whether data can be exchanged with the reinsurer.

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Your Benefits

Efficient reinsurance management
Efficient reinsurance management
  • Streamlined,  automated processes
  • Automatic reports and quarterly finacial statements
  • Designed to meet your needs
Easy implementation, integration and use
Easy implementation, integration and use
  • Fast, smooth integration by upload or online integration
  • Interfaces to all relevant primary insurance systems
  • Infrastructure is available immediately and can be used worldwide
  • Regular updates
  • Standardized processes
  • Self-learning system
  • Immediate results
Low costs
Low costs
  • No need to provide infrastructure: Hardware and software, as well as functions such as big data analytics or artificial intelligence, are available as services
  • You only pay for the services you actually use (pay as you use)
  • iRE is flexible and scalable

iRE Roadmap

iRE is updated on a regular basis with effective continuous development. Our next steps:

2018: Current Version
2018: Current Version
  • Development of the reinsurance application
  • Proportional reinsurance business
  • Basis communication
2019: New features
2019: New features
  • Cumulative and single risks
  • Non-proportional reinsurance business
  • Digital communication
2020 and beyond: The future
2020 and beyond: The future
  • Assumed business
  • Advanced reinsurance functions

Cloud for Insurance

Cloud for insurance – chances und perspectives

Cloudbased reinsurance solutions offer a wide range of chances and new perspectives. Andreas Weiss, Senior Vice President Innovation Products & Development at msg systems, gives you interesting and valuable insights about iRE. 

iRE in a nutshell

How does iRE from msg actually work? In less than one minute, this video will provide you with all the necessary information about our cloudbased reinsurance solution. 

Cloud Computing: revolutionizing insurance

iRE Cloud Computing Artikel

Platforms and innovative ecosystems will shape the world of tomorrow. By adopting this future conditions, insurance companies take the chance on creating new business models and processes. Cloud Computing can help them to perform more competitive and customer-oriented.

As insurance and technology experts with more than 35 years of experience, we are well versed in all processes related to (re)insurance business and offer competent consulting and support for all matters related to iRE.

Contact us!

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Andreas Weiß - Senior Vice President Innovation
Products & Development - msg

Andreas Weiss
Senior Vice President Innovation
Products & Development