Software Solutions for Life Insurance New Business Underwriting

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Company overview

The power to grow

Munich Re Automation Solutions Ltd, a division of Munich Re, provides easy-to use and powerful electronic new business and automated underwriting solutions that give life insurance companies the power to grow their business efficiently.  Our  ALLFINANZ software suite helps make straight through processing (STP) and instant issue a reality for many leading insurers and banks around the world.

“I have found the people from Munich Re’s Automation Solutions division intelligent and helpful. We have learned from them and they have honed their product working with us.” Andrew Potterton, Chief Medical Underwriter, Unum

The Automation Solutions division of Munich Re is the number one provider of such systems world-wide, as attested to by our blue-chip client base, 100% track record of project success and the dominant provider position we occupy in the markets we operate in.

We have helped our clients decision up to 80% of new business applications at the point of sale across a range of distribution channels while reducing administrative costs by as much as 85%. In addition to increased efficiencies, insurers can expect greater in-depth analysis of their underwriting and new business data leading to continued improvements to the underlying underwriting rules and feedback on many measures impacting insurers’ profitability.

“The Automation Solutions division of Munich Re had the best track record worldwide and showed us comprehensive automation we could phase in.” John Crosswell, Executive General Manager of Life Risk, Asteron

The ALLFINANZ New Business Underwriting suite has been successfully deployed for multiple products across all distribution channels including intermediary, call centre, bancassurance and direct to consumers. To learn more about our developments and installations, please read our customer case studies.

By combining Munich Re’s expert underwriting rules and reinsurance services together with the ALLFINANZ new business underwriting suite, life insurers throughout the world have access to leading edge expertise enabling them to process large volumes of business more efficiently.

Munich Re Automation Solutions Ltd is headquartered in Dublin, Ireland. We have regional offices in Australia, USA, Singapore and Japan. Our client base proudly include ambitious insurance companies including Pacific Life, Guardian, Zurich, Aegon, HSBC, Prudential, Aviva, Sony Life, Metropolitan Life, Bank of China and Comminsure.

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