Munich Re Automation Solutions to help MGAs and insurers 

Munich Re Automation Solutions aims to break into the insurance software provider market.

Munich Re Automation Solutions will target mid-tier insurance firms with ALLFINANZ SPARK.

The Software-as-a-Service based technology offers auto-underwriting, analytics and business oversights. 

EVP of data and product at Munich Re Automation Declan O’Neill said: ”By offering auto-underwriting and analytics on a SaaS model we are removing many of the upfront costs and implementation barriers to entry that mid-tier firms face, while providing the full power of our enterprise application.

“As a result, they can automate and accelerate customer onboarding, eliminate error-prone paperwork, repetitive questions and medical tests, and bring the power of analytical insights to their underwriting business. This means a more responsive, more agile business.

”Our customers who have already deployed SPARK on a SaaS basis have reported substantial improvements in client satisfaction as a result.”