5 May 2009
MIRA
Next Generation Underwriting
The world of risks is in transition. Rapid changes and the increasing pace of business call for more efficiency in risk assessment. The new version of MIRA (Munich Re Internet Risk Assessor) fits smoothly into primary insurers’ routine work processes.
Continual progress in medicine and the biosciences and rapidly changing health risks give rise to a complex, dynamic risk landscape. The situation is further aggravated by societal changes that entail new hazards. For example, diseases of affluence such as obesity, diabetes, high blood pressure and heart disease – to name only a few – are on the rise particularly in countries with a growing middle class.
For reliable risk assessment, data must be professionally surveyed, verified and evaluated before they can be taken as the basis for a risk profile – a complex and time-consuming task. To master this task, the experts in the MIRA competence team utilise Munich Re’s worldwide know-how and experience from more than ninety years of risk assessment: a knowledge edge that Munich Re uses to strengthen its clients' competitiveness lastingly.
MIRA: New design, well-conceived processes and efficiency-enhancing functions
With about a million different rating records available to MIRA, clients can rely on consistently up-to-date, complete data. All of the new MIRA’s functions have been systematically optimised based on the results of a worldwide client survey. This is true both of the content and of the design and structure. The graphical interface supports intuitive navigation through the system and presents all the important information in easily understandable form.
The new MIRA is far more than an underwriting manual with rating recommendations. It is a flexible work and information platform that ensures greater transparency, efficient work processes and immediate, tangible savings in risk assessment at low investment costs.
Master the challenges of "next-generation underwriting" with MIRA — we present the new MIRA in greater detail on our new information platform "Munich Re Touch Life".