Dortmund, 03.01.2017

adesso AG: Germany's second-largest primary insurance group, Generali, puts its trust in adesso product as inventory control system in the life insurance sector

adesso AG: Germany's second-largest primary insurance group, Generali, puts
its trust in adesso product as inventory control system in the life
insurance sector

As part of a group-wide plan to modernise its inventory control system for
life insurance, Generali in Germany has decided in favour of using PSLife
from the adesso in|sure product family. The first group company to use the
software for mapping new business will be AachenMünchener
Lebensversicherung AG. The total investment amount is expected to be in the
two-digit-million range. Initial licensing and service revenue was
generated already in 2016.

Based on adesso's new standard software PSLife and the use of leading
calculation kernels, it is possible to quickly launch insurance products as
needed. The lean system architecture, which is capable of releases,
considerably reduces previous operating costs. By choosing the adesso
product, Generali is underscoring its own quality standards in Germany and
creating the technical foundation for modern and extremely customisable
products.

AachenMünchener Lebensversicherung AG will be making productive use of the
standard system for all new contracts in just one and a half years.
Additional Generali life insurance companies in Germany will then gradually
switch over to the new system as well. In the end, the entire group will
benefit uniformly from one of the most cutting-edge software architectures
in the life insurance sector.

Generali in Germany already marks the sixth company that has decided in
favour of using PSLife. The recent commission by a leading insurance group
underscores the solution's competitiveness, technological maturity and
excellent scalability, even when it comes to key accounts.


Additional information about Generali in Germany:
With approximately EUR 17.8 billion in gross written premiums and more than
13.5 million customers, Generali Deutschland is the second-largest primary
insurance group in the German market. Generali group companies in Germany
include Generali Versicherungen, AachenMünchener, CosmosDirekt, Central
Krankenversicherung, Advocard Rechtsschutzversicherung, Deutsche
Bausparkasse Badenia and Dialog.

Additional information about in|sure:
Alongside the standard software solution for the life insurance sector,
adesso insurance solutions is currently developing additional product
components as part of the in|sure software suite. While the product for
private health insurance has also been developed already, components for
non-life and car insurance are set to follow in the coming years and will
complement the insurance suite for sector-based and universal insurance.

Additional information about adesso Group:
With over 2,000 employees and expected annual sales of more than EUR 250
million in 2016, adesso Group is one of the largest German IT service
providers and has outstanding opportunities for growth. At its own
locations in Germany, Austria, Switzerland, Turkey, USA and the UK as well
as at numerous customer sites, adesso offers consulting and software
development services for optimising core business processes. adesso also
offers ready-to-use software products for standard applications. The
development of an own, industry-specific product-portfolio opens up
additional growth and earnings opportunities and is another key element of
the adesso strategy. 2016, adesso was awarded as the best employer in the
german IT-sector.


Contact:
Martin Möllmann
Manager Investor Relations
Tel.: +49 231 7000-7000
E-Mail: ir@adesso.de


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     Language:    English
     Company:     adesso AG
                  Stockholmer Allee 20
                  44269 Dortmund
                  Germany
     Phone:       +49 231 7000-7000
     Fax:         +49 231 7000-1000
     E-mail:      ir@adesso.de
     Internet:    www.adesso-group.de
     ISIN:        DE000A0Z23Q5
     WKN:         A0Z23Q
     Listed:      Regulated Market in Frankfurt (General Standard);
                  Regulated Unofficial Market in Berlin, Dusseldorf,
                  Hamburg, Stuttgart, Tradegate Exchange; London



     End of News    DGAP News Service