Allfinanz, the Software company owned by Munich RE is launching a new business processing and underwriting automation solutions for life insurers in German-speaking countries
Life insurers serving the German-speaking markets can now optimise their underwriting processes while increasing efficiency and saving costs.
Allfinanz is a leading provider of web-based new business processing and underwriting automation software to the life insurance industry. Founded over 20 years ago, the company was acquired by Munich Re in November 2007, and now operates as an independent software house within the Group.
“Allfinanz is recognised as the market leader internationally in the delivery of new business processing and automated underwriting solutions to life insurers around the globe,” said Wolfgang Wielinger, Allfinanz Sales and Marketing Director for Germany, Austria and Switzerland. “We have achieved this through our unrivalled track record of successful delivery coupled with the most sophisticated solution available in the market today. We are delighted to bring this expertise gained in international markets to benefit life insurers in Germany, Austria and Switzerland.”
“Extending Allfinanz’ leading-edge technical expertise and comprehensive product set to the German-speaking world will be a tremendous benefit to life insurers,” commented Joachim Wenning, member of Munich Re’s Board of Management. “When offered in combination with Munich Re’s underwriting excellence, this service will allow Munich Re’s life insurance clients to benefit from a unique added value proposition from a single source.”
The Allfinanz subsidiary team, providing sales, consulting and support services in Germany, Austria and Switzerland, has already completed its first implementation of the Allfinanz Underwriting Rules Engine and Rules Designer products at KarstadtQuelle Versicherungen, the first German life insurer to go live with a new life insurance offering using the Allfinanz system.
You can contact Allfinanz by clicking here
