Our new member X1F is all about full-service IT solutions and their many facets. In this interview, Fränzis Horstmann and Patrick Möbis, both members of the Insurance industry board at X1F, explain exactly what fascinates him about InsurLab Germany and solutions for insurance companies and financial services.
Fränzis Horstmann
Welcome to InsurLab Germany, Fränzis and Patrick. What ideas and concepts will X1F contribute? And who are you anyway?
Fränzis Horstmann: The X1F Group is a full-service IT solution provider focused on regulated markets. With twelve specialized technology subsidiaries, we advise participants in the finance and insurance industry. The portfolio ranges from program and project management, integration, data analysis, artificial intelligence, IT security, identity and access management to IT infrastructure, cloud and system architecture.
Patrick Möbis: At the moment, we are particularly interested in artificial intelligence for insurance companies. And the insurance sales of the future. Regulatory issues such as VAIT 2.0 & DORA are our daily bread and butter and are currently a hotly debated topic on the market. We are also working on solutions for open insurance and are focusing on questions of how the industry can become more sustainable and acquire the relevant evidence and certificates.
Patrick Möbis
What do you find so exciting about InsurLab Germany and why did you become a member?
Möbis: We have been following the development of InsurLab Germany since it was founded because it exactly reflects our topics. It is therefore only logical to seek an alliance.
Horstmann: The combination of technology and professionalism, which is the focus there, is a fundamental concern for us - precisely because we enable business with the help of IT. We found your insureNXT trade fair in 2023 not only inspiring, but also excellently positioned: with qualified visitors and high-level presentations with an exciting culture of dialog. In addition, the industry actively helped shape the context - digitalization. We really appreciate that.
You have already mentioned numerous facets of digitalization. Which topics are particularly important to you here?
Möbis: We are delighted to be involved in shaping topics such as regulation in particular. We want to support the market and contribute answers and solutions within the InsurLab topic groups that affect, improve and simplify the implementation of the regulatory framework. We find sensible ways to implement structures: As X1F, we are concerned with maintaining the operational capability of companies, improving internal and external resilience and making changes in such a way that IT landscapes remain operational in the long term and fully exploit their potential.
Specifically: What activities are you planning to get involved in in 2024 - and how?
Horstmann: In May 2024, we will not only have a stand at InsureNXT. In the "Trend Zone" of the trade fair, we are planning a presentation on the benefits and opportunities of embedded insurance as a business model for insurance companies. We will also be holding a masterclass on generative AI and are really looking forward to exchanging ideas with other members and visitors.
Möbis: And we are already very excited to see what other discussions will unfold there. The top topic for us this year is and remains regulation, including VAIT 2.0 and DORA. It is incredibly topical and we are currently feeling a great deal of pressure in the industry. Naturally, we want to support this with concepts and solutions.
We are definitely looking forward to working together. Thank you very much for the interview!