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Proris Blue

by Inveos GmbH
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ActiveAvailable globallyCloud
Quick facts
VendorInveos GmbH
Year launchedN/A
StatusActive
LocationHerbert-Weichmann-Straße 47, 22085 Hamburg, Germany
Countries servedGlobal
Languages2
IntegrationsN/A
Free tierNO
Free trialNO
Contact salesYES

About Proris Blue

ProRis blue is a specialized reinsurance management platform developed by Inveos GmbH to support insurers, reinsurers, brokers, and captive management companies in managing complex reinsurance operations.

ProRis blue is a specialized reinsurance management platform developed by Inveos GmbH to support insurers, reinsurers, brokers, and captive management companies in managing complex reinsurance operations. The platform builds on the capabilities of its predecessor, ProRis classic, while introducing web-based components and modern interfaces designed to streamline underwriting, claims management, and regulatory reporting. The system centralizes key reinsurance functions such as underwriting workflows, contract management, settlement automation, catastrophe loss processing, and financial reporting. Its Underwriting Workbench allows users to create and manage underwriting documents, automate approval processes, and collaborate with partners through integrated workflows. Meanwhile, the RI Server automates tasks including optional cover processing, billing, and catastrophe or excess-of-loss calculations. ProRis blue also addresses regulatory requirements by enabling insurers to access data needed for IFRS 17 and Solvency II reporting. Its forecasting and reporting modules provide insights based on historical data and configurable parameters, helping organizations plan their reinsurance portfolios effectively.

Pros & Cons

Pros
  • Automates complex reinsurance settlements and billing workflows across multiple treaty types.
  • Provides centralized visibility into ceded and assumed reinsurance contracts and portfolios.
  • Supports regulatory compliance by enabling IFRS 17 and Solvency II reporting data access.
  • Offers automated catastrophe loss aggregation and settlement for faster claims processing.
  • Includes forecasting tools that project reinsurance performance using historical datasets.
Cons
  • Highly specialized functionality may make adoption difficult for non-reinsurance teams.
  • User interface design details and usability feedback are not widely documented.
  • Implementation may require technical configuration and integration with legacy systems.
  • Smaller vendor ecosystem compared with larger global insurance software platforms.
  • Learning curve may be steep for teams unfamiliar with reinsurance operations.

Features

Key features

Underwriting Workbench

Manages underwriting processes and document generation with automated workflows.

RI Server Automation

Automates reinsurance orders, billing, and optional cover processing.

Life Reinsurance Management

Supports life reinsurance processing on per-risk or lump-sum basis.

Catastrophe Loss Handling

Aggregates loss events and automates catastrophe cover settlement.

Forecasting Module

Generates forecasts up to four years using historical and configurable data.

Additional features

Contracts Management

Supports ceded and assumed reinsurance contracts from treaty groups to individual risks.

Billing Automation

Automates reinsurance settlements and financial accounting transfers.

Account Current

Tracks receivables and liabilities between partners and financial systems.

Catastrophe Loss Processing

Aggregates multiple losses into catastrophe events for automated settlement.

Forecasting Module

Provides forward-looking projections based on historical business performance.

Reporting and Analytics

Offers integrated statistics and customized reporting capabilities.

Partner Management

Stores and manages reinsurer, broker, and partner information centrally.

Fast Close Financial Reporting

Supports monthly, quarterly, or annual financial statement preparation.

Data Exchange Interfaces

Provides import/export integrations using files and web services.

Claims Event Monitoring

Tracks claims events and generates portal-based notifications automatically.

Document Generation

Produces underwriting and contractual documents through workflow processes.

Reinsurance Settlement Automation

Calculates proportional and non-proportional settlements automatically.

Financial Accounting Integration

Transfers financial postings and payments to accounting systems.

Pricing

Free trial
Free version
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Countries & Languages

Global
Countries served
2
Interface languages
28
Billing currencies

Interface languages

EnglishGerman

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇯🇵JPY🇦🇺AUD🇨🇦CAD🇨🇭CHF🇨🇳CNY🇸🇪SEK🇳🇿NZD🇰🇷KRW🇮🇳INR🇷🇺RUB🇿🇦ZAR🇧🇷BRL🇭🇰HKD🇸🇬SGD🇳🇴NOK🇲🇽MXN🇹🇷TRY🇮🇱ILS🇩🇰DKK🇵🇱PLN🇹🇭THB🇮🇩IDR🇭🇺HUF🇨🇿CZK🇨🇱CLP

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