Lloyd`s Technology Day - inex24 -

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Lloyds Technology Day- inex24 -

• London ? 2013/12/03

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Communication, cooperation and coordination ?
collaboration
Leo Denise 1999 Unlike communication,
collaboration is not about exchanging
information. It is about using information to
create something new. Unlike coordination,
collaboration seeks divergent insight and
spontaneity, not structural harmony. And unlike
cooperation , collaboration thrives on
differences and requires the spark of dissent.
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The global insurance market has to meet new
challenges

• Counterparty Risk
• General uncertainty
• Risk minimization
• Optimal diversification

• Compliance
• Increasing pressure from regulatory authorities
  and internal audit
• Seamless documentation and transparency
• Reduction in liability

• Purchase via web platforms
• Reduction of efforts
• Reduction in work load
• More suppliers more competition

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inex24 at a glance

• Web-based collaboration platform for the
  corporate insurance sector
• Global, direct networking between companies,
  direct insurers and re-insurers
• Overdue and contemporary tool for all market
  participants
• Benefits for all parties, e. g. process
  optimization, reduction in manual work load,
  reduction of efforts, assurance of compliance

Companies
Re-insurers Capital market
Direct insurers
Intermediaries
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inex24 is a tool for all market participants

• Key competencies
• Provision of a web platform
• Technical support
• Coordination of translation projects

Direct insurers
Capital market
Re-insurers
Companies
Intermediaries
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inex24 is a multi-level trading platform
Re-insurers Capital market
Companies
Intermediaries
Direct insurers
Companies use inex24 to place their risks with
direct insurers
Direct insurers could cede insurance policies
into the re-insurance market
Via inex24, direct insurers and re-insurers place
risks on the capital market
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Why inex24the market view

• Could we afford to neglect breath-taking
  IT-developments?
• IT follows strategy or could IT impact on
  generic strategy designs conversely?
• Traditional ways of dealing consume too many
  manual resources and create inefficient
  redundancies on all sides of the market
  participants.
• Efficient ways to reach out to global markets.
• Process standardization does not mean to
  standardize individual insurance products.
• Increasing demanding re compliance rules,
  transparency standards, speed of proccessing.
• Create new distribution channels.

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inex24 features a modular structure
Transaction-related communication and
documentation
Risk data (structured and via documents in data
room)
Info database risk carriers intermediaries
Real-timeTrading Desk
Info database policyholders
LayerManager
Reporting Manager
Portfolio Designer
Evaluation matrix
Wording / Topics Manager
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Three options to use inex24
Commercial and corporate business
Submissions governed by public law
Highly individual and taylor made complex
corporate business
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Simple process flow on inex24
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1
5
4
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Provision of basic fact sheet
Submission template
Risk related documents
Invitation of insurers
Negotiation

• Individual process steps could be skipped.
• Brokers are free to create their submission
  standard.
• All quotation will be shown in form of a
  synopsis.

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inex24 generates substantial benefits for all
market participants
Seamless and resilient logging of all events
Neutral and audit-proof processing platform for
all participants
No in-house IT development and support
requirements (software as a service solution)
Compliance safeguarded in an integrated manner
Immediately noticeable simplification of
processes and reduction in work burden
Use of state-of-the-art technology without
changing customary and proven processes
Significant reductions of efforts and costs in
all areas
Direct access to all market participants around
the globe
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... and benefits for everymarket participant in
particular

• Companies
• Solution for fulfilling the increasing
  requirements by regulatory authorities and
  internal audit
• Seamless documentation and transparency
• Reduction of the liability risk

• Risk carriers
• Immediately applicable, resource-saving
  distribution channel for expanding or developing
  new markets all around the world
• Optimization of distribution control and
  controlling

• Intermediaries
• Significant productivity increase in all areas
• Structured management of placement strategy and
  processes per risk carrier
• Clear differentiation from competitors regarding
  customer loyalty or acquisition of new customers

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inex24 development partners
Policyholders
Intermediaries
IT Development
Risk carriers
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The evolution of inex24
2010 Development
2011 Proof of concept
2012Proof of market
2013Establishment
3 versions - inex24 -
inex24.pro - inex24.OR
- more than 2.000 users - about 700 quotations
- more than 1.000 users - about 100 quotations
activation of the platform
start of programming (with agile software
development / scrum method)
Release 2.0 23.07.13
professional development together with our pilot
project partners
Release 1.7 28.02.13
Release 1.5 15.03.12
Release 1.0 01.07.11

01.01.11
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Development into an attractive marketplace
2011
2012
2013
3 successful releases
over 100 trainings
more than 60 insurer
approx. 2.300 user
implementation of inex24 inex24.OR
selected partner
advancement of inex24.pro
over 900 user
inex24 in Austria
approx. 70 tender
over 2.000 quotations
further increse of users
more than 600 tender
estimated volume 100 Mio
rollout in Austria pilot customer ÖBB
on-the-spot support
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Lessons learnt

• The strategic affirmation of inex and the
  operational execution are two sides of the same
  coin.
• Discipline in handling the system is key.while
  email communication is the implicit structured
  chaos a collaboration platform is marked by a
  predetermined process flow.
• Leaving the comfort zone.a huge investment in
  trainings and time.
• Usability should always overrule IT driven
  functionalitieseven if its hard to compromise
• Revolutionary changes require evolutionary steps.

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Outlook into the near future
End-2-end process

• inex24 as enabler for E2E processing
• Seamless process flow between inex24 and clients
  IT systems
• ACORD Standard
• Creation of one e-file containing the complete
  tender documentation
• Collaboration of international insurance markets
• Improve market shares in D-A-CH region and UK
• Starting Business Consulting for corporate
  insurers

E-file
International markets
Business Consulting
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Strategy of inex24
Permanent establishment of inex24 in the
insurance market
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Positioning of inex24 within msg systems as a
leading IT consulting company in the industrial
insurance market
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Development of E2E capabilities in the industrial
insurance market?
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Your contact

• inex24 AG Robert-Bürkle-Straße 1D-85737
  Ismaning bei München
• Tel. 49 (0) 89 - 969 981 4 - 24 00
• Email info_at_inex24.com