InLife Health Care partners with Munich Re HealthTech with the adoption of its SaaS-based SMAART solution

Munich Re HealthTech S.A. today announced that InLife Health Care (IHC) had selected its SMAART cloud-based solution to monitor and boost the performance of its health portfolio.

With SMAART, IHC executives will be able to have detailed information about key performance indicators of the business, including loss ratio, ultimate loss ratio, burning costs, incurred claims and ultimate claims. In this way, IHC will have a 360-degree view of its product and policy performance to support its critical management decisions. Additionally, the all-in-one tool will help in optimizing processes on claims reserving, advanced pricing of products and group policies, and renewals.

Gerry Raftopoulos, CEO at Munich Re HealthTech commented on the partnership: "We are delighted to support InLife Health Care’s operations, through our solution, with efficient and accurate risk management and portfolio monitoring. SMAART will provide InLife Health Care with sophisticated capabilities that will lead to faster reactions to changing market needs, increased competitiveness, and ultimately safeguard IHC’s commitment to providing continuous quality services to their customers."

Noemi G. Azura, CEO & President at InLife Health Care added: "SMAART is a powerful tool that can handle vast amounts of data related to claims, membership fees, and member information. It will strengthen risk management and deliver operational efficiencies in IHC’s actuarial processes such as advanced claims reserving, portfolio performance monitoring and support pricing strategies that will benefit our customers."

InLife Health Care will go live with SMAART in June.