Munich American Reassurance Company │ Munich Re

Normal view (turn off text only mode)
You are here:

Munich Re Integrated Underwriting Solutions Introduces Regular Advisories to Automated Underwriting Rule Set

Atlanta, March 13, 2015 – The Integrated Underwriting Solutions (IUS) department of Munich American Reassurance Company, the U.S. life and disability reinsurance division of Munich Re, has begun making update advisories to companies using its automated underwriting rules.



In the first IUS Client Advisory, companies were informed about new MIBR codes, additional medical conditions and updated avocation ratings that clients may evaluate and adopt.  Clients can expect regular update advisories of this kind that enhance underwriting rule sets and are expected to improve system performance, increase automation efficiencies and provide a better customer experience.



"IUS continually looks to improve our product offering and add value to our automated underwriting system through a combination of business analytics, biotmetric studies, new vendor offerings, client feedback and daily market research," said Phil Murphy, Second Vice President, Integrated Underwriting Solutions.  "We believe that regular advisories on a broad array of topics will help our clients stay ahead of the market in automated underwriting."



Companies who are interested in integrated underwriting solutions may contact Mr. Murphy at 770-350-3200.



Note for the editorial staff:
For further questions please contact

Media Relations, Munich American Reassurance Company
Bill Skowronnek
Tel.: 770-350-3222

Munich American Reassurance Company, founded in 1959, is one of the largest reinsurers in the U.S. offering life and disability reinsurance to insurance companies throughout the United States. The company also writes group, credit and other reinsurance products. Headquartered in Atlanta, with an office in Chicago, Munich American is licensed, accredited or authorized in all fifty states; Washington, D.C.; Guam; and Puerto Rico.

Munich Re stands for exceptional solution-based expertise, consistent risk management, financial stability and client proximity. This is how Munich Re creates value for clients, shareholders and staff. In the financial year 2012, the Group – which combines primary insurance and reinsurance under one roof – achieved a profit of €3.2bn on premium income of around €52bn. It operates in all lines of insurance, with around 45,000 employees throughout the world. With premium income of around €28bn from reinsurance alone, it is one of the world’s leading reinsurers. Especially when clients require solutions for complex risks, Munich Re is a much sought-after risk carrier. Its primary insurance operations are concentrated mainly in the ERGO Insurance Group, one of the major insurance groups in Germany and Europe. ERGO is represented in over 30 countries worldwide and offers a comprehensive range of insurances, provision products and services. In 2012, ERGO posted premium income of €19bn. In international healthcare business, Munich Re pools its insurance and reinsurance operations, as well as related services, under the Munich Health brand. Munich Re’s global investments amounting to €214bn are managed by MEAG, which also makes its competence available to private and institutional investors outside the Group.

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.

Contact


Main Navigation
Service Men
Accessibility

© Copyright 2015 Munich American Reassurance Company. All Rights Reserved.

Note


This publication is available exclusively to Munich Re clients. Please contact your Client Manager.