We find new ways to the customer.

Digital technologies and changing customer needs are changing the insurance industry; new competitors are entering the market and industry boundaries are merging into digital ecosystems. This creates opportunities and risks for insurance companies. We help you to identify new growth areas in this changing industry landscape, develop digital business models and implement the appropriate strategic measures: 

• Digital Growth: With the right concepts and digital services for operating new business models (e.g., embedded insurance, open finance), we enable new growth impulses for your business – whether in your local market, abroad, analog, digital, from your own resources or in co-operation.
• Tapping into New Sources of Revenue: We support you in expanding your core business with digital products and services – from development and marketing to the operation of your own digital platforms (e.g., B2B marketplaces) and digital services.

The move to the cloud is inevitable for the insurance industry. This is because it offers companies the opportunity to optimize business processes, increase competitiveness and improve customer satisfaction. We support you on your journey to the cloud to leverage the potentials of technology for your business model and your processes:

• Cloud Strategy Development: We help you to define a customized cloud strategy that is tailored to the specific needs and objectives of your insurance company. In doing this, we take both technical and business aspects into account.
• Cloud Evaluation: We support you in selecting the right cloud platform and the cloud provider for your requirements, ensuring the efficiency, scalability and security of your business processes in the cloud.
• Cloud Migration and Implementation: We support you in the smooth migration of your existing IT infrastructure and applications to the cloud. We ensure minimal disruption to operations and guarantee effective implementation.
• Cloud Security and Compliance: We attach great importance to the security of your data and adherence to relevant regulations and compliance standards. We support you in implementing robust security measures and ensuring data security in the cloud.

Effectively managing costs and resources in the cloud requires new tools, roles and processes. We support insurance companies in setting up effective cloud finance management to sustainably improve financial transparency and efficiency in the cloud:

• FinOps Analysis and Strategy: We analyze your current cloud costs and resources and develop a tailored FinOps strategy for your insurance company. In doing so, we identify potential savings, optimize your budget allocation and set clear financial targets.
• Forecasting and Budget Forecast: Based on historical data and trends, we create precise finance forecasts and budget plans for your cloud resources. This gives you greater planning security and enables you to manage your resources efficiently to avoid budget overruns.
• Cost and Use Monitoring: We implement tools and mechanisms to continuously monitor your cloud costs and use. This gives you real-time insights into your financial expenditure and allows you to react proactively to changes. We provide you with meaningful reports and dashboards to help you keep track of your finances.
• Optimizing Governance and Compliance: We help you build a solid governance structure, to ensure budget accountability, security policies and compliance requirements. We help you implement best practices in the FinOps area and optimize your financial processes.

We support you in designing future-proof portfolio management systems. Our service portfolio ranges from the successful implementation of new systems to the execution of migration projects and efficient testing:

• New Portfolio Management Systems: We help you to evaluate, select and introduce modern portfolio management systems that meet your specific requirements and business processes. In doing so, we support you in defining system requirements, conducting vendor comparisons and implementing tailored solutions.
• Migrations: We support you in the smooth implementation of migration projects, be it switching to a new version of your portfolio management system or moving to a completely new platform. Our experts provide sound planning, data migration, system integration and testing phases to ensure a smooth transition.
• Testing: With a comprehensive test concept and proven test approach, we ensure that your portfolio management systems function reliably and without errors. We identify and eliminate potential vulnerabilities to ensure stability, scalability and security of your systems.

With our in-depth expertise and extensive experience in the insurance industry, we support you in the following areas:

• Portfolio Migration: Mergers, acquisitions and consolidations lead to complex IT landscapes for insurers. We offer you support in the development and implementation of your objective and in transferring insurance portfolios from a source system to a target system.
• Development of New Insurance Products and Tariff Classification: Our actuaries work closely with your team to develop innovative insurance products and design new tariffs. We analyze risks, perform product validations, consider current market trends to ensure that your products are competitive and profitable.
• Finance and Regulatory Requirements: We support you in meeting regulatory requirements and statutory compliance by ensuring your financial reports and reserves meet the relevant standards. Moreover, , we help develop internal control systems to ensure the accuracy and reliability of your financial data..
• Test Automation through AI: To ensure the stability and usability of insurance applications, specific test cases need to be run through in addition to code quality. With the help of AI, these test can be performed automatically.