Your expert partner in individual disability insurance benefits
Munich Re Life US is the largest reinsurer of individual disability insurance (IDI) in the U.S. — capturing more than ¾ of the reinsured new business in the market. Our vast expertise in analytics, underwriting, claims, and administration enable us to anticipate the market direction while embracing new ideas, behaviors and technologies. We are transforming the industry, expanding insurability and helping you grow.
Partner with us, evolve and grow with confidence.
Our clients have access to the latest technology advancements and opportunities that come from our broad industry exposure. We partner with start-ups to test and bring the latest non-insurance technology to our industry. We offer the nation’s leading automated rules engine and pre-assessment portals to shorten quote time and increase your close ratio.
Leaders in underwriting and risk analysis
Our in-depth IDI experience is exemplified by our financial and underwriting experts, many of whom bring direct-carrier experience. Our proprietary underwriting manual is the number one manual in the United States, and we pride ourselves on staying up-to-date with the latest medical research and advancements.
Operationalizing data analytics
Munich Re’s Integrated Analytics department is eager to partner and support client data analytics ambitions. In our approach, we:
- Assess the value of various tools in the underwriting process
- Look to the efficacy of credit scores
- Digitize and structure the APS to assess risk and support the live scoring of cases
- Calibrate our claims scoring models to each client, providing a claims score dashboard
- Apply machine learning to detect key fraud drivers and decrease your fraud risk
The claims landscape is evolving every day. We provide support and deep expertise to help ensure your claims team has the proper risk management practices in place to pay claims accurately and efficiently. You are free to focus on fostering client relationships, knowing that we’ll support your claim adjudication goals. Our broad industry footprint and global expertise enables us to provide valuable consultation through:
- Tools and best practices
- Complex consultation
- Claims requiring financial consultation
- Mediation and settlement expertise
- Claims analytics services
- Vendor services