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

msg Reinsurance in the Cloud (iRE)

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

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 robot.

  • 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.

  • 1

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

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