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Munich Re Automation Solutions Recognised as a ‘Technology Standout’ in Celent Report

01/15/2025

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    Munich Re Automation Solutions is pleased to announce it has been recognised by research and advisory firm Celent as a ‘Technology Standout’ in its November 2024 report, “New Business and Underwriting Systems: Global Life Insurance Edition”.

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    The 2024 Celent Technical Capability Matrix saw Munich Re Automation Solutions graduate from 'Noteworthy Solution' in 2022 to its new designation as 'Technology Standout', one of just three vendors awarded this categorisation.

    The report reviewed Munich Re Automation Solutions core ALLFINANZ SPARK and NOVA automated underwriting solutions as well as additional modules Underwriter Workbench, which streamlines manual underwriting, Predictor which supports the ingestion of AI and predictive models, and analytics solution Insight.

    Alby van Wyk, Chief Commercial Officer at Munich Re Automation Solutions, said: “We appreciate being recognised by Celent as a ‘technology standout’ in its most recent report. This is a progressive step forward for us from ‘noteworthy standout’ when we last participated in the report in 2022.

    “It is testament to all who work on developing the solution as well as our laser focus on delivering the best customer experience. We continue to invest in our solutions to ensure we remain ahead of the curve in delivering best-in-class augmented and automated underwriting solutions for the life and health industry.”

    Celent’s “New Business and Underwriting Systems: Global Life Insurance Edition” report features 16 different life insurance new business and underwriting systems globally.

    About Munich Re Automation Solutions

    Munich Re Automation Solutions is the world’s leading provider of digital new business, underwriting and analytics solutions to the insurance industry with over 140 clients across 40 countries.

    Working with forward-thinking customers across the globe, we're on a mission to revolutionize the way life insurance is bought and sold, using next-generation technology to give insurers the power to grow their businesses profitably. Learn more at http://www.munichre.com/automation-solutions

     

    SaaS Insurance Solutions ebook

    For 61% of respondents in a recent EY survey, digital transformation is the primary driver for SaaS adoption.

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