Adesso AG: Germany’s second-largest primary insurance group, Generali, puts its trust in adesso product as inventory control system in the life insurance sector

Dortmund, 3 January 2017 - As part of a group-wide plan to modernise its inventory control system for life insurance, Generali in Germany has decided in favour of using PSLife from the adesso in|sure product family. The first group company to use the software for mapping new business will be AachenMünchener Lebensversicherung AG. The total investment amount is expected to be in the two-digit-million range. Initial licensing and service revenue was generated already in 2016.

Based on adesso's new standard software PSLife and the use of leading calculation kernels, it is possible to quickly launch insurance products as needed. The lean system architecture, which is capable of releases, considerably reduces previous operating costs. By choosing the adesso product, Generali is underscoring its own quality standards in Germany and creating the technical foundation for modern and extremely customisable products.

AachenMünchener Lebensversicherung AG will be making productive use of the standard system for all new contracts in just one and a half years. Additional Generali life insurance companies in Germany will then gradually switch over to the new system as well. In the end, the entire group will benefit uniformly from one of the most cutting-edge software architectures in the life insurance sector.

Generali in Germany already marks the sixth company that has decided in favour of using PSLife. The recent commission by a leading insurance group underscores the solution's competitiveness, technological maturity and excellent scalability, even when it comes to key accounts.

Additional information about Generali in Germany:

With approximately EUR 17.8 billion in gross written premiums and more than 13.5 million customers, Generali Deutschland is the second-largest primary insurance group in the German market. Generali group companies in Germany include Generali Versicherungen, AachenMünchener, CosmosDirekt, Central Krankenversicherung, Advocard Rechtsschutzversicherung, Deutsche Bausparkasse Badenia and Dialog.

Additional information about in|sure:

Alongside the standard software solution for the life insurance sector, adesso insurance solutions is currently developing additional product components as part of the in|sure software suite. While the product for private health insurance has also been developed already, components for non-life and car insurance are set to follow in the coming years and will complement the insurance suite for sector-based and universal insurance.

Additional information about adesso Group:

With over 2,000 employees and expected annual sales of more than EUR 250 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.