5th PUG ProRis User Group Meeting on the 26th of September in Düsseldorf at Deutsche Rück
The ProRis User Group (PUG) met for the fifth time on 26th of September 2018. Deutsche Rück in Düsseldorf kindly hosted the event. We thank them for the extremely attentive and friendly reception and the excellent hospitality.
At this meeting, PUG again talked about technical topics and gave Inveos the necessary feedback on extensions in ProRis Classic and blue as well as comments on possible future functionality extensions. Thanks to the active participation of all participants, the event was characterised by very constructive and goal-oriented discussions.
This time the focus was on processing pending issues since the last PUG meeting. There was a short review of the ProRis user forum from May 2018, a detailed presentation of the availability of ProRis Version 8.0 as well as a detailed presentation of ProRis blue functionality in terms of the outward technical reinsurance accounting. The implementation of the necessary adjustments for seamless communication with the soon to be available blockchain RITA (Re-Insurance Technical Accounting) based on distributed ledger technology was also discussed.
Participants agreed to hold another PUG meeting. This will take place at the end of the first quarter of 2019.
Review ProRis User Forum 2018
Torsten Ullrich, Managing Director of Inveos, welcomed a record number of good-humoured participants to the annual ProRis User Forum on 6 June 2018 in excellent weather and an excellent location on the Alster in Hamburg. Visitors to the event were representatives of ProRis clients, one of the top 2 reinsurers, insurance companies interested in the solution, our partners Consurance, Esri, GMBC Group and Prime Re System as well as Inveos.
A varied programme of information on new functionalities in the modern reinsurance application ProRis blue by Inveos, field reports from successful implementation projects by clients, an exciting lecture on the development of the specialist book "ABC of Reinsurance" by one of the authors, the informative presentation of the targeted path in digitisation at a top reinsurer from the perspective of yesterday-today-morning and the report of the ProRis User Group captivated those present right from the start. One of the highlights of the highly informative day was the presentation of a prototype of a Reinsurance Technical Accounting Platform (RITA) based on distributed ledger technology, which was jointly developed with the partner Consurance. Inveos specialists have already created the necessary adapters for this blockchain platform and were able to demonstrate the seamless dispatch of technical invoices in real time.
In addition to the topics already mentioned, the presentations of the new ProRis modules "International Insurance Programmes" and "Geographical Information System for Individual Risk Accumulation Control" certainly attracted the greatest interest among the public.
Inveos is proud that we were able to show on this day that as a medium-sized company we are agile, innovative and always customer-oriented. In order to meet the challenges of automation and digitisation in (re)insurance, there is no need for size or highly developed strategies; absolute willingness to change is required. Inveos is prepared for this.
For further information or documentation on the topics listed, please contact us at email@example.com at any time.
4th PUG ProRis User Group Meeting on March 14, 2018 in Neuss with Rheinland Versicherung
On March 14, 2018, the ProRis User Group (PUG) met for the fourth time. We would like to thank RheinLand Versicherung in Neuss for the hospitality.
The heavyweights in this workshop were the detailed presentation of the availability of the ProRis version 8.0, the discussion of reporting requirements and their possible implementation, the exchange of experience regarding the use of the "Basecamp Platform” to ease communication within the PUG and information about the upcoming ProRis User Forum from 5th/6th June 2018 in Hamburg.
As a surprise, Inveos also presented a first prototype on reinsurance technical accounting deploying Blockchain technology for the distribution of the technical accounts.
3rd PUG ProRis User Group Meeting on September 21, 2017 at the LVM in Muenster
For the third time we met within the ProRis User Group (PUG). And for the first time one of our customers hosted the event. We would like to thank LVM for the perfect organisation of the event at the LVM headquarters in Muenster.
We were again able to discuss many specific topics and their functional implementation within ProRis. The main topics were the fully automatic calculation of the reinstatement premium(s) and the correct allocation of costs for the calculation of unearned premiums during the year.
Medium to long-term topics could also be discussed and prioritised based on the needs of ProRis users. A discussion on the issue of "electronic data exchange between insurers and re-insurers" was, of course, not to be missed.
We would like to thank all participants for their time and constructive cooperation.
We are already looking forward to the next meeting in March 2018 to again exchange ideas, experience and information with our customers.
Review ProRis User Forum 2017
Who "invented" chocolate? Certainly not the Swiss.
We recently learned this in the German Chocolate Museum in Cologne. After a contemplative walk along the Rhine, our group of about 50 people full of a thirst for knowledge arrived at the impressive building on the Rhine. During a guided tour through the museum we were informed that chocolate came from Mexico to Europe via the Spaniards and then slowly made its way eastwards from Spain. After more interesting details about the popular snack we moved on to the aperitif with a wonderful view of the Rhine. This was followed by an excellent buffet with various starters and main courses, plenty of cheese and, of course, a chocolate fountain. Of course, everything is guaranteed to be low in calories!
The next day, the participants gathered early at the DEVK Group headquarters in Cologne. General information on Inveos, sales activities and new clients, innovations for PRORIS classic and ProRis blue, was followed by information from representatives of Munich Re and Swiss Re on the subject of electronic data exchange under the keywords "Ruschlikon light" and "Ruschlikon full solution". After a short business lunch, it was time for various workshops and an experience report by LVM on the use of the ProRis RI Server, a unique selling point of our reinsurance solution.
The day passed in no time, the exchange of information and ideas was remarkable and we got to know each other even better in some aspects.
A successful event.
Many thanks to everyone for their contribution, especially DEVK for their hospitality and Munich Re and Swiss Re for their commitment to Ruschlikon.
We are already looking forward to the event in 2018.
Inveos is member of the newly esablished Ruschlikon Technology Provider Group
Inveos, through it’s state-of-the-art reinsurance back office system ProRis blue, is among the leading providers in respect of e-processing date exchange solutions between primary insurers and reinsurers and/or reinsurance brokers. We follow the development of ACORD and Ruschlikon since a couple of years with great interest as we anticipate that at the end one global data exchange format will succeed. We are proud to have become a member of the newly established Ruschlikon Technology Provider Group . Our aim is to follow the development of Ruschlikon even closer and to elaborate the most elegant way for our large customer base to communicate via Ruschlikon adapting our format to standard message format. This always considering the most efficient process from a time and effort point of view.
23rd November 2015 - The BDL (the Federal Association of German Leasing Companies) publishes the new guideline for risk bearing capability calculation and capital requirements planning.
The new guidelines - under the title „Anwendungshinweise Risikotragfähigkeitsrechnung“ - can be downloaded in the members area by all members and cooperation partners of the BDL. Inveos has again supported all activities regarding the case study by calculating and validating the described scenarios with TRIGONIS. If you would like to know more about TRIGONIS and risk bearing capability calculation, please click here: www.inveos.com/trigonis
As of June 2015, the net asset value is subject to an extensive audit in accordance with Auditor's Report Regulation (PrüfbV)
As you can read by visiting http://www.gesetze-im-internet.de/pr_fbv_2015/__62.html and http://www.gesetze-im-internet.de/pr_fbv_2015/__7.html, the net asset value of financial services institutions will be subject in future to a more extensive audit by auditors. Both the format and calculation as well as the underlying assumptions need to be plausible and assessed. As the market standard for net asset value calculations according to the BDL model, TRIGONIS can make a valuable contribution to handling this issue in terms of withstanding an audit.