adesso BLOG

The degree of digitalisation in facultative business is still significantly lower than in other areas of the company, even among the largest reinsurers. The reason lies in the nature of the business: it works with few, highly individualised contracts - but business processes that work with a high degree of standardisation and large volumes are best digitised. With the latest advances in the field of artificial intelligence (AI), the tide is turning: new solutions can be a game changer to increase the efficiency and quality of facultative underwriting and make data available for other applications.

Over time, reinsurers have built up considerable methods for identifying, assessing and reducing or even avoiding risks. Many of these methods could help us in our day-to-day lives in the pandemic as a supplement to the RKI’s recommendations. I will explain how the whole thing looks in concrete terms in my blog post.