Insurance companies in Germany are especially familiar with this problem: for years now, the margins for homeowners' insurance and commercial and industrial property insurance have come under a great deal of pressure. Increasing numbers of natural hazard claims and risks from mains water or storms/hail are burdening the business.
To make things worse, competition is tough within the saturated insurance markets in Germany and Switzerland. Although insurers anticipate adequate combined ratios for household and contents insurance, these products are increasingly the target of new, digital business models.
With the Adcubum Syrius software solution, insurers can always stay one step ahead of the competition. Thanks to faster processes and efficient automation, adequate margins can still be achieved in the fiercely competitive property insurance market both for private and commercial business.