Munich Re automation arm to deliver solutions for American Family Life

Munich Re automation arm to deliver solutions for American Family Life | Insurance Business New Zealand

Insurance News

Munich Re automation arm to deliver solutions for American Family Life

Adoption to streamline and expedite application and underwriting procedures

Insurance News

By
Kenneth Araullo

Munich Re Automation Solutions has announced that American Family Life Insurance Company is adopting its cloud-based automated underwriting and analytics solution, ALLFINANZ NOVA.

This software as a service (SaaS) platform is engineered to streamline and expedite life insurance application and underwriting procedures while improving overall consumer experience.

Grant Andrew, vice president of customer success at Munich Re Automation Solutions North America, expressed enthusiasm about the collaboration.

“We help our clients differentiate in the market through proven, class-leading solutions focused on enhancing the end-consumer experience of insurance,” Andrew said. “Our SaaS solutions are future-ready ensuring our clients sustained competitive advantage through continually evolving new features and functions to quickly reap the benefits from the explosion of data.”

“We believe we offer the most compelling, proven and future-ready solution in the market, and we’re delighted to be working with American Family Life Insurance Company,” Andrew said.

Todd Fancher, president of American Family Life Insurance Company, also highlighted the company’s commitment to technological advancement.

“We are always evolving our technology to support our innovative products and provide the best customer service possible. We’re committed to continually researching the most up-to-date technology to ensure we are at the forefront of the newest innovation,” Fancher said.

Munich Re Automation Solutions is also actively expanding its presence in North America, underscored by recent agreements and the addition of new personnel across various key positions, including senior leadership, account management, project management, solution architecture, and customer service roles.

The expansion, the firm said, reflects its dedication to the region and its mission to ensure comprehensive and accessible life insurance solutions for all customers.

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