Munich Re Automation Solutions to help MGAs and insurers
Munich Re Automation Solutions aims to break into the insurance software provider market.
Munich Re Automation Solutions will target mid-tier insurance firms with ALLFINANZ SPARK.
The Software-as-a-Service based technology offers auto-underwriting, analytics and business oversights.
EVP of data and product at Munich Re Automation Declan O’Neill said: ”By offering auto-underwriting and analytics on a SaaS model we are removing many of the upfront costs and implementation barriers to entry that mid-tier firms face, while providing the full power of our enterprise application.
“As a result, they can automate and accelerate customer onboarding, eliminate error-prone paperwork, repetitive questions and medical tests, and bring the power of analytical insights to their underwriting business. This means a more responsive, more agile business.
”Our customers who have already deployed SPARK on a SaaS basis have reported substantial improvements in client satisfaction as a result.”
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
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