Achieve Higher STP Rate and Greater Profitability Faster
(PRWEB) October 09, 2015 -- Munich Re Automation Solutions Ltd today announced the availability of a ready-made and state of the art underwriting rule set in the ALLFINANZ underwriting rules engine. The comprehensive starter rule set integrates the essence of Munich Re’s global experience and provides the basis for speed, efficiency, reliability and correctly-priced portfolio in life insurance automated risk assessment.
The ALLFINANZ Expert Rule Set is a comprehensive starter rule set with over 600 medical, residency & avocational rules as well as 13,000 occupations. The rule set provides clearly understandable questions and decision trees to guide the applicant through each step of the underwriting process, rules that underwriters can easily change and customise to match their product portfolio and underwriting philosophy.
The rule set operates with rules optimised for automated underwriting and is designed to ensure that the majority of applications are processed straight through and to improve risk safety. It brings vast amounts of knowledge into practice-oriented forms and clear rules to reach swift, risk-based decisions. The ALLFINANZ Expert Rule Set is evidence-based and regularly updated and enhanced by experienced underwriters and Munich Re medical doctors.
Paul Donnelly, Executive Vice-President for Europe, Middle East and Africa, adds: “The new starter rule set will enable our new clients to hit the ground running quickly with high quality and comprehensive underwriting rules. It is compatible with Munich Re’s underwriting manual, MIRA (Munich Re Internet Risk Assessor). This provides added power to our leading automated underwriting offering.”
Whether for life or disability covers, critical illness, long term care or personal accident products, the ALLFINANZ Expert Rule Set is suitable for the entire life insurance product spectrum.
More information about the rule set is available here.
David Bordas, Munich Re Automation Solutions Ltd, http://www.munichre.com/automation-solutions, +353 1-293 2888, [email protected]
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