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SPARK

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Overview

The tools and capabilities you need SPARK delivers a core new business toolkit enabling your firm to rapidly kick the paper habit, streamline processes and explore valuable new opportunities. The solution’s core capabilities include: A pre-configured underwriting rulebook - To help accelerate your implementation and time-to-market. The pre-configured rulebook enables you to automate routine decisions and sign quality new business fast. An easy-to-use rules designer - Allowing you to customise the solution to your specific underwriting philosophy (with new rules and rule changes published instantly). The rules designer tool allows you to create, adapt and refine underwriting rules with NO IT or vendor involvement. Sophisticated rules for common conditions - With the option to offer instant cover, ask further reflexive questions, or refer the case for manual underwriting. Support for multiple products - Quickly improve, innovate and deploy new products, channels and risks across multiple languages so you can sell how and where you want. Easy integration - Reduce the need for manual underwriting through straight through acceptance of evidence with internal and external third-party data providers, accelerating decision making and improving the customer experience. Business insights -To help you understand how your business is performing and quickly identify areas for improvement. You can apply excellence and consitency in underwriting by harnessing new sources of insight from day one.

Key Features

The tools and capabilities you need

SPARK delivers a core new business toolkit enabling your firm to rapidly kick the paper habit, streamline processes and explore valuable new opportunities. The solution’s core capabilities include:

A pre-configured underwriting rulebook - To help accelerate your implementation and time-to-market. The pre-configured rulebook enables you to automate routine decisions and sign quality new business fast.

An easy-to-use rules designer - Allowing you to customise the solution to your specific underwriting philosophy (with new rules and rule changes published instantly). The rules designer tool allows you to create, adapt and refine underwriting rules with NO IT or vendor involvement.

Sophisticated rules for common conditions - With the option to offer instant cover, ask further reflexive questions, or refer the case for manual underwriting.

Support for multiple products - Quickly improve, innovate and deploy new products, channels and risks across multiple languages so you can sell how and where you want.

Easy integration - Reduce the need for manual underwriting through straight through acceptance of evidence with internal and external third-party data providers, accelerating decision making and improving the customer experience.

Business insights -To help you understand how your business is performing and quickly identify areas for improvement. You can apply excellence and consitency in underwriting by harnessing new sources of insight from day one.

Key Benefits

Why SPARK

On-boarding and on-going operational support. Easy integration with data providers. Automatic updates and data recovery Infrastructure requirements handled by Munich Re. Secure and reliable infrastructure. Comprehensive data-management policies for the handling and control of sensitive data. ISO 27001 Certified. Robust operational support and system management 24x7. 30+ years providing secure solutions to the Insurance sector. Best-in-class technology now available as a digital service . Low set-up and maintenance costs. Quick time to market. Accessto Munich Re expertise. Secure solution. Turn-key scalability. Flexibility: Best practice deployment models to ensure high performance and low latency.

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