Admiral Cloud

Luxembourg

9. 10. 2012

EuroCloud Luxembroug 2012

Agenda

Copyright (c) 2012 Optilab 2

1. Optilab

2. Fraud, Fraud mgmt and Admiral

3. Admiral Cloud Industry Case

Optilab1

3Copyright (c) 2011 Optilab

2005

2006

2007

2008

2009

History

Feasibility studies and prototypes

telecommunications health and motor insurance

Commercializationof Admiral for

insurance companies

Establishment of a research group

for data analysis and fraud and anomalies

detection

University of Ljubljana

First production

2005

2006

2007

2008

2009

(c) 2012 Optilab 4

Optilab

Admiral protects insurers from fraud

awards for innovation and uniqueness

… we help them manage fraud

(c) 2012 Optilab 5

Insurance fraud2

6Copyright (c) 2011 Optilab

Insurance fraud

7Copyright (c) 2011 Optilab

• Motor insurers lose 10% of claims expenditureto insurance fraud

• In Europe 17 billion EUR annually= cca 40% of GDP of Luxembourg

Fraud Management

(c) 2012 Optilab 8

Admiral Familly

(c) 2012 Optilab 9

Admiral Industry Case

Best Cloud Service Award 2012

3

10Copyright (c) 2011 Optilab

Industry Case

• Type: Private cloud of 7 insurance companies (all Slovene motor insurance companies)

• Physical host of the infrastructure: Slovene Insurance Association

• Complications: Personal data protection law

• Goal: Detect complex organized fraud

• Results: ROI in 3 months

(c) 2012 Optilab 11

Industry Case

• Cloud operational in Slovenia for 2 years– Great user experience

– Great added value / ROI

• Currently addressing neighboring markets: Hungary, Serbia, Croatia, Macedonia, Austria

• Goal: European cloud for preventing and detecting complex organized international insurance fraud

(c) 2012 Optilab 12

Thank you for your attention!