Munich Re automation unit partners with US life insurer
Munich Re subsidiary has partnered with American Family Life Insurance Company for its cloud-based automated underwriting and analytics solution.
American Family Life has adopted Munich Re Automation Solutions' ALLFINANZ NOVA, a software as a service (SaaS) platform, to automate and accelerate the life insurance application and underwriting process and enhance consumer experience.
Munich Re Automation Solutions offers SaaS solutions for automated underwriting, electronic third-party data access, manual underwriting, and deep insights through analytics.
Grant Andrew, vice president of customer success at Munich Re Automation Solutions North America, said: “Our SaaS solutions are future-ready ensuring our clients sustained competitive advantage through continually evolving new features and functions to quickly reap the benefits from the explosion of data. This requires the underwriting rules engine, back-office underwriting, third-party data access and analytical dashboards to be highly flexible and quickly adaptable in the hands of underwriters and other business users.”
Andrew added: “We believe we offer the most compelling, proven and future-ready solution in the market, and we’re delighted to be working with American Family Life Insurance Company.”
Todd Fancher, president of American Family Life Insurance Company, said: “We are always evolving our technology to support our innovative products and provide the best customer service possible. We’re committed to continually researching the most up-to-date technology to ensure we are at the forefront of the newest innovation.”
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