1. SAVE.
Or die.
Stefan Dobak, CEO
gratex international

2. WHO WE ARE
Development of customized software applications and system integration
Established in 1991
2011 revenue 35 mil. €
400+ employees
Since 1994 in Insurance
IBM Premier Business Partner, Oracle Gold Partner, Microsoft Gold Certified Partner, HP Gold Preferred Partner, Symantec, T-com, SAP, Cisco

3. REFERENCES | Allianz Group
Allianz - Slovenská poisťovňa
(General – Life and Non-life Insurance)
Allianz - Slovenská dôchodková správcovská spoločnosť: (Pension Fund Management)
Allianz Asset Management (Private Equity Management)
Allianz Ţiriac Asigurari (Reinsurance)
Allianz Life Korea (Life Insurace – in cooperation with Samsung SDS)
Global Transport & Automotive Insurance / Allianz (Underwriting Agency – transport insurance)

4. REFERENCES | Allianz Group
Reinsurance:
Allianz Slovenská poisťovňa Slovakia
Allianz Ţiriac Asigurari Romania
Allianz Life Korea South Korea
Global Transport & Automotive Insurance / Allianz Australia
How big is the reinsurance team?
So we literally in our reinsurance team we have people that understand our business

5. REFERENCES | Insurance
Social Insurance Agency (Slovak Republic) Employer Liability Insurance
Uniqua (Slovak Republic) IT infrastructure delivery and administration 
Generali (Slovak Republic) IT infrastructure delivery and administration
Cardif (Slovak Republic) IT infrastructure delivery and administration
Eximbanka (Slovak Republic) Insurance Portal
Pet Sure (Australia) Pet health insurance (also reinsurance)
Protecsure (Australia) Equipment insurance (also reinsurance)

6. PRODUCTS | Modules & Competences
Life and Non-Life New Business (UW, Policy Issueing) • Premium Collection • Policy Change • Payment • Accounting in Policy Admin (SBA subledger) • Claims • Integrated Customer Management • Product Design (ProductTemplateRegister) • Actuary
Variable Insurance • Liability Insurance • Export/Import Insurace • Employee Retirement Insurance
Risk Management & Solvency II
Fraud detection system
Reinsurance
Commission
DMS (Document Management System)
Migration and Integration

7. Reinsurance |
Supported types of reinsurance

8. WHERE TO GO Who is happy with the maintenance costs? 20-30%
Recent updates on licensing policies
Expensive change requests
Limited resources
Application market consolidation

9. WHERE TO GO Do you save? The world has changed
Software licensing principles not (40 years?)
Pay for what you really get
How much is the brand worth?
Where is the innovation comming from?

10. WHERE TO GO Do you have Open Source solution (is it an Option)?
All components for enterprise solution are available
Resources are there
Social aspect of the relation have been changed
Quality: Bugfixing roundtrip is shorter
Nothing to be afraid of. You have it anyway. From the legacy vendors.

11. WHERE TO GO Is your investment strategy Zero based?
Rethink the maintenance
Modularity – case by busniness case
Better control – better results – Commission, Collection/Disbursement, processes (DMS), Fraud Detection, Reinsurance
Turn challenges in to the opportunity (S2)
Think. Or die.

12. Gratex International a.s.
GBC IV, Galvaniho 17/C
Bratislava,
Slovakia
Gratex International AUST PTY
Lakes Business Park Unit G1, 2B Lord Street Botany, NSW 2019
Astralia
Gratex International Korea
Allianz Tower Yoido-Dong
Youngdeung po-gu, Seoul
Korea
Phone:

13. Backup slides

14. Reinsurance | Custom information system for Reinsurance
Originally developed for Allianz Group
In accordance with EU Directive Solvency II
Transparent and quantifiable goals
Improvement and optimization of the data flow within the company
Optimization of the reinsurance processes with substantial time reduction
Increasing the efficiency of planning, executing and evaluating all reinsurance activities
Decreasing the error rate (quality improvement and transparency of data calculation)
Elimination of the manual interventions
Decreasing the costs related to reinsurance business

15. Reinsurance | System description
Automates administrative functions of all types of reinsurance
Technological platform created by Oracle in multi-layer architecture
Interface in the web browser
Process and reporting criteria of Solvency II regulations

16. Reinsurance |
Supported processes of reinsurance

17. Reinsurance | Modules implemented in the system
Modular architecture allows replacement of any internal modules
Accounting batches in structure required by a central accounting system based on SAP

18. Reinsurance | System description Further functions of reinsurance
Reinsurers and brokers panels
Multicurrency
Accounting in written and collected premium
Calculation of Commissions and Fees
Legal Costs, Sliding Scale Commissions, Profit Commissions, Administration Fees, „Loss Corridor“, Deferred Acquisition Costs, Technical results
The Loss processing
Risk-attaching Basis (UWY)
Loss-occurring Basis (OCY)

19. Reinsurance | Reporting
Standardized reports for reinsurers or reinsurance brokers
Excellent tool for monitoring, analyzing and forecasting, opportunities and risks
Automatic reports for SAP system
Automatic reports within corporate structure (e.g. for parent company)
Reports on the Statement of account (SoA Reporting)
Support of the Risk and Loss Profiles
Statements on the sets of Cat Aggregates by region, product or duration

20. Reinsurance | Benefits of the system Better business performance
Improvement and optimization of the data flow within the company
Lower costs related to the insurance business
Lower error rate in this process
Integration capabilities
Expanding of existing modules depending on customer requirements
Adjusted terms of service - SLA (Service Level Agreement) on a 24/7 basis

21. REFERENCES | Others
Ministry of Interior of the Slovak Republic Schengen Information System I/II; REGOB (The Register of Citizens, ID's, Driving Licenses, Passports); EVO (The Vehicle Register, Wanted Vehicles); EZP (Firearms Register, Wanted Firearms)
Ministry of Health of the Slovak Republic Complete IT infrastructure delivery and administration, Implementation of ERP solutions
Ministry of Education of the Slovak Republic
Workflow management
Ministry of Justice of the Slovak Republic
IT infrastructure delivery
Neografia Complete IT infrastructure delivery and administration, Implementation of ERP solutions
T-Com Slovakia gTel Route (Optimization of transit telecommunications business)
DANUBE WINGS SR. LRIS - Air tickets booking information system