Corporate News

The 2024 Celent Technical Capability Matrix saw ALLFINANZ by 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 the 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.