Using Optique for the Insurance
industry with its special needs
and challenges
Ulrich Schniedermeier, 2U-IT, Germany,
2016
1
Code of Hammurabi, c. 1750
BC
The risk reduction
method „Insurance“
was firstly regulated
in the
Code of Hammurabi
~3750 years ago
Ulrich Schniedermeier, 2U-IT, Germany,
2016
2
Code of Hammurabi
Just a remark:
A good law
doesn‘t need
many paragraphs
and many words
to be
sustainable and
longlasting.
Ulrich Schniedermeier, 2U-IT, Germany,
2016
3
The EU-regulation
overburdens the EU-insurances
Paradigm 1
Similar to BCBS 239 for EU-Banks,
QRT is one of the most important
regulations for insurances.
For them it‘s better to be complient,
in all parts, and always.
Ulrich Schniedermeier, 2U-IT, Germany,
2016
4
Shifted Paradigm 1
QRT can be mangaged
Not enough time?
Not enough people?
You only need
a fitting system,
then it‘ll work with
the EU-regulation.
Ulrich Schniedermeier, 2U-IT, Germany,
2016
5
FLAOR = „Future Looking Assessment
of Own Risks“ is only Science Fiction!
Paradigm 2
A FLAOR is a bespoke strategic analysis process which
links together the outputs of risk, capital and strategic
planning, to determine the current and future capital
requirements of the firm based on the business strategy
and environment.
The FLAOR therefore requires a multi-functional
approach.
And that kind of approach needs OPTIQUE,
otherwise it really might be Science Fiction.
Ulrich Schniedermeier, 2U-IT, Germany,
2016
6
Shifted Paradigm 2
Practise FLAOR in the
OPTIQUE way!
And in future
you will see,
the risk affecting
your competition
instead of your company.
Ulrich Schniedermeier, 2U-IT, Germany,
2016
7
Migration is too expensive
to be considered!
Paradigm 3
• (Too) many proprietary systems
• E.g. Legacy Systems are problematic
– Lack of overview
– Too many expensive processes in parallel
• Migration-cost to another Legacy System is
between 25 € to 50 € per insurance policy.
• Using the IWB for interlinking and controlling
is a good and much cheaper alternative.
Ulrich Schniedermeier, 2U-IT, Germany,
2016
8
Shifted Paradigm 3
Use IWB as Alternative to Migration
IWB for „Interlinking & Controlling“
all Proprietary Legacy Systems
Proprietary
Legacy
System
1
Propriatary
Legacy
System
2
Ulrich Schniedermeier, 2U-IT, Germany,
2016
Proprietary
Legacy
System
3
9
Big Data don‘t Need
a Special Kind of Security!
Paradigm 4
• BigData contains more structure, links and meaning
than average data-/ information- resources. That makes
it a most attractive loot for attackers.
• In our R & D we came to the point that we still see
encryption as most important for digitally signing or
sealing.
• But there must be no conflict between data analysis and
data security; we tackle that topic.
• Yes, it is a fact that we work at replacing the “classic”
encryption by other security means.
This is our own paradigm shift.
Ulrich Schniedermeier, 2U-IT, Germany,
2016
10
Shifted Paradigm 4:
Big Data Needs Big Security,
a special big security, like the one
designed and developed by
2U-IT
Ulrich Schniedermeier, 2U-IT, Germany,
2016
11
Never change a running system!
No need to touch a Data Warehouse.
Paradigm 5
Structure of data warehouses is older than 30 y.
=> Windows 1.0 from 1985
=> 1st CeBIT-exhibition 1986
Never change a (well) running system
but do change a system
if it is overaged and lacks efficiency
Ulrich Schniedermeier, 2U-IT, Germany,
2016
12
Ulrich Schniedermeier, 2U-IT, Germany,
2016
13
Shifted Paradigm 5
Data Warehouse (DW)
• We evolve DWs from competing repository concepts, to
include fully enabled data management and information
processing platforms.
• These new DWs force a complete rethink of how data is
manipulated, and where in the architecture each type of
processing occurs that supports transformation and
integration.
• It also introduces a governance model that is only loosely
coupled with data models and file structures, as opposed to
the very tight, physical orientation used before.
Ulrich Schniedermeier, 2U-IT, Germany,
2016
14
… and more Paradigms to be shifted
like
• Behavioral pricing
– problem => lack of data
• BPO of Back Office Functions
– problem => parametrizing effort
• Increase the level of security quickly
– solution => semantic security
Ulrich Schniedermeier, 2U-IT, Germany,
2016
15
Progress with Big Insurances
• Many IT people say most of the
Insurances are very oldfashioned.
• Maybe
• But: many officers of the biggest insurances are
ready for paradigm shifts.
• They started to accept information as the insurances’
most valuable assets.
• So let‘s take insurances into panOPTIQUE
and make them the most progressive and focused
insurance companies worldwide.
Ulrich Schniedermeier, 2U-IT, Germany,
2016
16
panOPTIQUE for
Ulrich Schniedermeier, 2U-IT, Germany,
2016
any …
17
Contact Information 2U-IT
2U Agentur fuer InformationsTechnologie GmbH
Nymphenburger Str. 4
80335 Muenchen / Munich
Germany
Phone +49 89 208 027 392
Fax
+49 89 208027 450
Email
[email protected]
[email protected]
URL http://www.2u-it.de
Thank you very much …
…for your attention