Intelligent risk prevention with Funk Beyond Insurance

Sensors, artificial intelligence, blockchain and other key technologies are already helping companies to reduce costs, increase productivity and create transparency across the entire value chain. Why shouldn't these technologies also help to reduce operational risks and make insurance management more efficient?


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With Funk Beyond Insurance, we actively use digitisation to implement intelligent risk management. Examples from our clients and technology partners show you what that looks like in practice.

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Funk is addressing precisely this issue under the guiding concept of Funk Beyond Insurance: Here, we offer clients demonstrably suitable, beneficial and modern solutions within the framework of holistic consulting. In cooperation with a technology-oriented partner network, which includes established solution providers as well as innovative start-ups, Funk is already implementing initial solutions in practice.

The Beyond Insurance team always focuses on concrete challenges related to insurance-relevant risks. As a matchmaker, we show companies technical solutions that optimise their value creation and at the same time improve their business protection.

Technologies

  • Sensors
  • Artificial intelligence
  • Blockchain
  • Internet of Things (IoT)
  • Drones
  • Big data
  • Cloud computing
  • ...

Innovation goals

  • Risk transparency through IoT
  • Loss prevention
  • Predictive maintenance
  • Parameterisation of insurance policies
  • Protection of IoT business models
  • ...

Funk Beyond Insurance in 2 minutes

In the German video, expert Manuel Zimmermann shows what distinguishes the Beyond Insurance concept and how Funk acts as a matchmaker for clients, technology providers and insurers.

Your added value

  • Digitisation with a clear objective: loss prevention and risk reduction

  • Side effects: process optimisations, cost reductions and increased efficiency

  • Creation of future-proof infrastructures in the company for further innovations

  • Medium and long-term access to innovative insurance products

Our services

  • Central orchestrator of three structured networks: Funk clients, technology providers and the insurance industry

  • Connecting our clients' challenges with innovative solutions

  • Interweaving digitisation projects with innovative insurance approaches

  • Decades of know-how from industrial insurance and risk consulting



  • Definition of the problem/objective, in order to gain a shared understanding of the project
  • Analysis of loss data and derivation of a clear business case for Funk Beyond Insurance

  • Search and selection process based on Funk expertise within the constantly growing Beyond Insurance partner network
  • Consolidation of entrepreneurial problem with suitable solutions from selected technology providers

  • Help in starting, coordinating, planning and implementing a pilot project as well as subsequent roll-out
  • Results: reduced basic losses, improved claims ratios, certainty for business processes, reduced costs and increased efficiency

  • Design of concepts for unconventional and complex risks, in order to facilitate the innovative transfer of risks
  • Development of additional areas of potential for increased efficiency and reduced costs
  • Development of innovative business models, e.g. parametric insurance or self-steering of risk processes

Practical examples

How AI is reducing the risk of fire in the paper sector

The risk of fire is very high in the paper industry – ultimately the materials in this sector are highly flammable. An innovative defect and residual current monitoring solution allows for potential ignition sources to be detected early.

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When the platform takes care of data protection

User consent is required for any form of data processing – this is a challenge that website and app operators have faced since the GDPR came into force. A consent management platform keeps marketing measures on the right side of the law.

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How sensor screws detect loads on machines

When technical production systems fail, this regularly leads to major financial damage. Sensor data and software analyses show whether load limits are being observed – and help technical personnel optimise their machines.

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Meeting guidelines with blockchain technology

In a production facility for sustainable textiles, compliance with emission thresholds must be recorded in a fail-safe way – in order to pass audits and to protect a good reputation. Blockchain and a cloud connection digitally seal the data.

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Optimised processes in paper production thanks to AI

Fluctuating values on the machines can lead to rejected products and downtime in paper production. An intelligent software solution analyses the data so that the parameters can be adapted and the risks are minimised.

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How drones detect damage to photovoltaic systems

Operators of photovoltaic systems have to carry out regular inspections. The use of modern drone technology makes this process more efficient and offers interactive data processing, so that damage can be repaired quickly.

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Weather-based sales planning for retailers

In the ages of climate change and digitisation, precise weather data is becoming a strategic competitive edge for many economic sectors – a factor that more and more often determines a company’s economic success. 

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More on this topic

Parametric insurance 4.0

In the context of digitisation, new fields of application are emerging for parametric insurance solutions. Soon, these could also be used in machinery breakdown insurance, for example.

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Do you want to speak with us about Funk Beyond Insurance?

Manuel Zimmermann | Dr Alexander Skorna | Benedikt T. Brahm

+49 (0)40 359 140

Contact by e-mail