Insurance Management
in SAP
insTRA, the certified SAP add-on for S/4HANA and ERP, centrally digitalizes insurance and claims management and integrates seamlessly into existing SAP systems without media discontinuities.
Instra, an investment that pays off.
insTRA is our SAP add-on for insurance and claims management – seamlessly integrated into SAP.
Rapid amortization through:
- Reduction of administrative effort and personnel costs
- Avoidance of errors and duplication of work
- Improved claims control and cost optimization
- Optimal insurance premiums through well-founded negotiations
Current Challenges in Insurance Management
Rising Costs
Insurance premiums are rising while
coverage is being reduced.
Precise control is becoming essential.
New Risks
Climate change, cyberattacks, and
supply chain disruptions require
active, data-driven
risk management.
Decentralized Data Storage
Excel lists and isolated solutions lead to high effort and errors in the administration of contract and claims data.
Duplicate Data Maintenance
Master data must be maintained in parallel in SAP and other systems.
Scattered Documentation
Policies, reports, and correspondence are distributed across various systems and are difficult to locate.
Digitalization Pressure
Manual processes are too slow and
prone to error. Mobile, digital solutions
are required.
Lack of Evaluations
No well-founded analyses of premiums, claims, and coverage gaps for strategic decisions
Vertical Pricing
No mapping of insurer consortia with vertical pricing
Comprehensive Functionalities
Contract Management
Management of insurance contracts, policies, premiums
and coverages in SAP.
Claims Management
Recording and tracking of claims from
notification to settlement.
Object Management
Documentation of insured objects
such as machinery, buildings, and vehicles.
Electronic File
Structured storage of all documents
with ArchiveLink connection.
Measurable success after
implementation
Full compliance, meaningful evaluations, and reduced administrative tasks lead to higher employee satisfaction and create sustainable added value.
30%
Time Savings
All insurance data consolidated and available at all times. Media discontinuities are a thing of the past.
50%
Efficiency Increase
Digital, automated processes significantly reduce administrative effort.
Full SAP Integration
SAP-certified add-on for the complete management of insurance and claims, applicable in SAP S/4HANA® and SAP ERP systems.
Customizable role and authorization concept with diverse insTRA authorization objects for clerks through to management. Tailor-made role definition via standard SAP authorization concept.
Direct use of SAP master data such as SAP Business Partners, SAP Creditors, and SAP Debtors
Avoidance of redundancies in data storage and elimination of typical sources of error
Direct connection to SAP FI for all monetary transactions such as premium billing and claims settlement
