Munich Re Automation Solutions partners with MetLife in Brazil to streamline underwriting process
- Munich Re Automation Solutions Ltd, announces a collaboration with MetLife in Brazil for digital life insurance and automated underwriting solutions in their commitment to superior customer service.
- The deal is part of a broad automation project simplifying and standardizing the current operating system architecture alongside the implementation of an automated underwriting engine.
Munich Re Automation Solutions Ltd, a leading insurtech specialist and subsidiary of Munich Re, today announces its partnership with MetLife Group to implement tools from the automated underwriting solution ALLFINANZ in Brazil as part of their ongoing global MetLife relationship. MetLife is Munich Re Automation Solutions’ third customer in the Brazil region, underlining the importance of the South American market.
This new partnership will extend over five years, giving MetLife’s consultants, planners, and other third-party clients in Brazil access to various modules from Munich Re Automation Solutions’ suite of automated underwriting and advanced analytics tools, including the ALLFINANZ Interview Server. This points to a growing demand for faster and more accurate quotes through data-driven and cloud-based solutions, with a flexible underwriting process that is tailored to the needs of a wide variety of clients. The ALLFINANZ tools will allow MetLife to streamline and simplify their underwriting process for their Brazilian client base, and increase underwriting consistency and accuracy of risk assessments by having an intuitive interview and including real time information.
Colm Kennedy, Chief Product Officer, Americas at Munich Re Automation Solutions, says: “As we continue to expand our reach in the South American market overall, and in Brazil specifically, we’re pleased to provide more customer-centric solutions and to simplify the underwriting process for customers through technological cloud-based tools. We are excited to expand our relationship with MetLife through our new partnership in this region and are excited to support their growing needs globally.”
Mariana Pellegrin, AVP of Operations at MetLife in Brazil, says: “We are excited to partner with Munich Re Automation Solutions for their innovative and custom-made solutions for more efficient and customer-focused underwriting. Through the combination of leading technology and underwriting expertise these tools provide, we will be very well positioned to continue our successful path in providing superior service to our customers and partners”.