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21 May 2013

Munich Re and Claim Analytics Enter Into Exclusive Arrangement for Canadian Long-Term Disability Clients

Exclusive arrangement to support Long-Term Disability claims and business management

Munich Re today announced an exclusive arrangement with Claim Analytics, a pioneer in the provision of leading edge predictive modeling solutions, to begin offering tools to help clients more efficiently and effectively manage their Long- Term Disability (LTD) claims.

Known for its industry leading LTD service, research and resource capabilities, Munich Re is eager to assist clients to enhance their overall management of LTD business. Mark Foerster, Vice President Group Operations & Claims for Munich Re, elaborated: “Munich Re is pleased to have entered into an exclusive arrangement with Claim Analytics in Canada. Their innovative and pragmatic LTD business management services, combined with Munich Re’s knowledge and expertise, will be available going forward only for Munich Re clients. Combining the strengths of both organizations will be synergistic and creates a platform for new LTD business management approaches.”

Specializing in disability business management solutions, Claim Analytics provides in-depth expertise in advanced predictive modeling to major insurance companies throughout North America to assist with claim scoring, pricing, reserving and fraud detection. The company’s flagship product is Disability Claim Scoring, which provides a numeric measurement of the likelihood of a claimant’s return to work within a specified time.

On their relationship with Munich Re, Barry Senensky, President of Claim Analytics, added: “We are very excited about our collaboration with Munich Re. I believe our combined depth of expertise and unique perspectives will work well together to enhance the value we provide to our disability insurance clients.”

More information on how Munich Re and Claim Analytics can help your company optimally manage LTD claims and overall business is available by contacting Mark Foerster at mfoerster@munichre.ca or +1 416 359 2299.


Disclaimer
This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Munich Re. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments.

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Shawn Elliott, Assistant Vice President
Phone: +1 416 359 8015


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