Munich Re Automation Solutions
Munich Re Automation Solutions, a Munich Re Group specialist InsurTech subsidiary, is the world leading provider of digital new business, underwriting and analytics solutions to the insurance industry. Our company has been at the forefront of the digital revolution in insurance for over 30 years. We have a proven track record of working with forward-thinking customers to unlock new sources of revenue and greater customer satisfaction. In fact, we’ve made it our mission to continually reinvent the consumer’s experience of buying insurance.
Today, we help insurers grow their businesses with the most widely used automated new business solutions worldwide. Customers partner with us because we understand the worlds of both insurance and technology. As part of one of the globe’s largest re-insurers, we know what it takes for insurers to thrive in the modern world. And as a dedicated software developer, we know how to translate those needs into solutions that deliver insight, streamline processes and boost results.
Munich Re has considerable experience in providing digital underwriting and new business processing and data solutions with 93 successful deployments in 38 countries. We have been chosen, after rigorous selection processes by some of the biggest names in global financial services including Allianz, Aviva, BNP Paribas Cardif, Cigna, HSBC, Liberty Insurance, Lincoln Financial, Manulife Financial, Pacific Life, Sony Life, TAL and Zurich.
Our success is built on the collective skills and expertise of our staff, our ability to innovate and our global experience, helping insurers to connect where they are right now to where they want to be in future. In the USA, independent advisors NMG Consulting rated Munich Re Automation Solutions as the leading provider of digital new business solutions for the life insurance industry. Market analysts Celent recognized Munich Re as an XCelent Customer Base winner. This award is attributed on the basis of the growing number of live insurers using their underwriting rules engine, new client momentum and excellent customer feedback.Revolutionary solutions for growth
With our solutions you will be able to sell in new ways to new markets. We can help you deliver new levels of customer experience to meet the needs of today’s digitally-savvy buyers. And we will give you access to new sources of data and insight, enabling you to make better, faster decisions.
With unamtched expertise spanning new business and claims process automation, digital underwriting, third-party data use, advanced analytics, predicitive modelling and more, we can give you the capabilities you need to grow your business as far and as fast as you want.
Ultimately, we help you deliver better results, faster than ever before.
Munich Re has built solutions specifically designed to solve the key strategic challenges facing insurance companies today. Solutions focused on streamlining how you work and removing barriers to your success.
World-class proven integration
We offer smooth integration with your existing technology, enabling you to realise a faster return on your investment. More than this, we’re also committed to supporting new advances in analytics and access to third-party data sources. So, you’ll get a solution that not only delivers today but which will keep delivering long into the future.
Work the way you want
With our solutions, you can work the way you prefer without lock-in. Use the included starter rulebook, rulebooks from other re-insurers or design your own with our easy-to-use rules designer. It’s your business and your choice.
Global solutions to meet your local needs
We are a global business. We understand the individual requirements of different geographies and can deliver a solution that’s configurable to specific market dynamics and regulations.
Where technology innovation meets insurance knowhow
As a dedicated software company, we’re driven by innovation, developing digital services to enable you to sell in new ways, to new markets and which will allow you to harness new sources of data and business insight. And, as an independent business within the global Munich Re group, we have the financial backing and stability to deliver the confidence you need to take the next step in your digital journey.
Working with forward-thinking customers across the globe, we’re on a mission to revolutionise the way life insurance is bought and sold, using next-generation technology to give insurers the power to grow their businesses profitably.
Why Select Munich Re
Reinsurers developing software will never be as innovative, as agile, or as state-of-the-art as a software company like us, and software companies will never have the depth of insight and risk management capability of Munich Re. This combination can be very powerful for insurance companies to get what they need in digital underwriting and data processing.
Insurers select us, due to our unrivalled track record of delivery and success in helping achieve their stated business objectives. All our clients are referenceable, and we are happy to provide references upon request.
Munich Re Automation Solutions has a number of distinct advantages in the market:
- We are underwriting-agnostic enabling customers to configure and implement the underwriting philosophy they choose (be it reinsurance-led or not).
- Our platform and solutions are easy to integrate into both existing systems and with new analytics and third-party datasets with a proven track record of successful implementations in more markets than any other provider.
- We have a presence in multiple global markets and a solution that is configurable to specific market dynamics and regulations, we have more people and greater volume in our systems than any other business in the market.
- We understand the insurance industry deeply and have solid relationships with many of the leading businesses worldwide (with a world class NPS rating to prove it), and our people are world-leading experts in the intersection of insurance and technology.
- We are committed to innovation, developing new digital services and platforms that will enable insurers sell in new ways, to new markets and which will enable them to harness new sources of data and insight—ultimately enabling them to take full advantage of an increasingly digital future.
Munich Re is a key strategic partner and our technology is core to the solution stack of innovative and market winning insurers, globally.Whatever your size, whatever your ambition
Wherever you are on your growth journey, we can help you take the next step to make the digital revolution a reality fast.
For insurers wanting to move away from paper forms and manual processes, we can help you make the digital revolution a reality, fast. Delivering all the core automated underwriting capabilities you need and easy access to third-party data, we’ll help you rapidly accelerate new business, grow sales and improve customer experience.
For insurers who want the power and flexibility to drive game-changing innovation, we can provide a fully modular solution with market-leading automated underwriting capabilities, support for multi-channel, multinational operations and in-depth business insight.
Ultimately, no matter your size or ambition, we can help you do more business, in more places, more effectively than ever before.