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Allianz Life partners with Munich Re Automation Solutions to implement SaaS-based underwriting solution


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    Partnership will help launch Allianz Life’s ePHI offering, digitizing the accelerated underwriting process for insurance, improving customer experience and reducing cycle times

    Munich Re Automation Solutions Ltd announced today that Allianz Life Insurance Company of North America (Allianz Life) has selected its cloud-based automated underwriting solution, ALLFINANZ SPARK, to pilot its ePHI offering in North America, helping digitize the accelerated underwriting process and enhance its customer experience. 

    Allianz Life will implement Munich Re Automation Solutions’ ALLFINANZ SPARK, a SaaS-based automated underwriting and analytics solution. Munich Re Automation Solutions’ clients are able to adopt ALLFINANZ SPARK at a reduced cost and cycle time compared to legacy solutions and seamlessly integrate the new platform into their existing systems quickly and efficiently. 

    This partnership will allow Allianz Life to launch a first-in-class offering across the industry, and help it expand access to life insurance to even better support clients across the United States. This extends the broader relationship between Munich Re Automation Solutions and Allianz in a number of countries, globally.

    Grant Andrew, VP of Customer Success at Munich Re Automation Solutions North America, commented on the partnership: “We are delighted to be partnering with Allianz Life to help bring its ePHI offering to the marketplace. Allianz Life wanted to provide a premier customer experience for its American customers and recognized the importance of digitizing and automating its offerings to do so. We are honored to be partnering with them, ensuring that access to life insurance increases for all Americans. We look forward to working with Allianz Life and supporting it in its ongoing digitization efforts”.

    In the last year, Munich Re Automation Solutions has expanded its footprint in the United States and bolstered its resources in the region with new hires across its senior leadership, account management, project management, solution architecture and customer services teams. This signifies Munich Re Automation Solutions’ growing commitment to the region and ensuring all Americans have easy and ready access to life insurance nationwide. 

    For more information regarding Allianz Life, please visit here.  For  more information regarding Munich Re Automation Solutions, please visit here.

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