- Launch of a unified and interdisciplinary underwriting solution spanning different lines
- HDI Global SE is committed to product and process-driven solution design with core components of Faktor Zehn GmbH
HDI Global SE, the industrial insurer of the HDI Group, is currently introducing a new system for end-to-end support of the underwriting process. The Underwriting Workbench is the central application that takes underwriters through the process, supports pricing and consistently records data relevant to the process.
Since October 2019, approximately 800 users have been working with the Underwriting Workbench in the lines liability, marine, cyber, property and engineering insurance at 26 locations across the world.
The launch project started after a short proof-of-concept phase in May 2018. October 2018 already saw productive operation with a product from the liability line of business for locations in Germany. On this basis, the first stage of a solution spanning products and lines was completed for global application within the space of one year.
Agile development process
HDI Global SE is committed to an agile development process in the development of the Underwriting Workbench. The first international stage is already delivering clear value added for the users and the company without being able to claim any factual completeness. Further development now integrates user feedback and experience from productive application at an early stage.
The aim of the current version of the workbench is to standardise pricing and the approval process as far as possible and to unify these processes across different lines. The management of process sections specific to lines and products is carried out with the assistance of the underlying product configuration using the product system Faktor-IPS from Faktor Zehn GmbH. Other Faktor-Zehn products are used for generating offers with Faktor-IOS and the linkki interface framework.
About HDI Global SE (HDI)
Corporate & Specialty insurer HDI Global SE (HDI) meets the needs of SMEs, larger companies, middle market and corporate clients with insurance solutions that are specifically tailored to their requirements. In addition to HDI's prominent position in the German and broader European market, the company has access to its own worldwide HDI Global Network covering more than 175 countries through its own HDI foreign branch offices, subsidiaries, affiliated companies, and network partners. Acting as the Partner in Transformation, HDI Global SE leads more than 5,100 International Programmes and offers its multinational customers compliant coverage worldwide.
HDI Global SE is the Corporate & Specialty Division of the Talanx Group and has been a leading insurer for several decades. Approximately 5,000 employees in this division generated insurance revenue (gross) of approx. EUR 9.1 billion in the year 2023 (according to IFRS 17).
The rating agency Standard & Poor’s has given the Talanx Primary Group a financial strength rating of AA-/stable (very strong) and AM Best has assigned the A+ Rating. Talanx AG is listed on the Frankfurt Stock Exchange in the MDAX.
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