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Latest news about adesso AG

Dortmund, 13.08.2019

13.08.2019 / 07:32
The issuer is solely responsible for the content of this announcement.

adesso insurance solutions GmbH reported its highest ever single-quarter licence sales with the in|sure product family for the insurance industry. In the first six months of 2019, sales volume generated through licence business reached more than EUR 9 million and hereby already well exceeded full-year's figure 2018. Besides two customer situations in the health insurance division, an additional group licence extension was also concluded in the life insurance division. Base licences for a new online commercial insurer of Provinzial NordWest, which was launched in May, already contributed to sales volume in the first quarter of 2019. This marked the first time adesso has made an insurance company's entire application landscape and IT architecture available in the cloud; adesso has since also taken over operations of the platform.

The dynamic business development of adesso insurance solutions GmbH reflects the high demand for flexible and cost-efficient standard products to help meet the rising standards in the insurance market. The lean, release-ready system architecture from in|sure reduces operating costs significantly and offers a cutting-edge calculation engine for structuring and managing contemporary insurance products. Recent commissions from renowned insurers underline the solution's competitiveness and technological maturity across all divisions.

The sales pipeline for in|sure contracts remains promising looking towards the remainder of the year, with adesso already at an advanced stage with a number of insurers.

Martin Möllmann
Manager Investor Relations
Tel.: +49 231 7000-7000

13.08.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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