Allianz Life has partnered with Munich Re Automation Solutions to implement ALLFINANZ SPARK, a SaaS-based automated underwriting and analytics solution.
Through this partnership, the pair will be extending the broader relationship between several countries, globally.
Allianz Life will help in launching the ePHI offering, digitizing the accelerated underwriting process for insurance, improving customer experience and reducing cycle times.
The company expects this partnership to enable the launch a first-in-class offering, and help expand access to life insurance to even better support customers across the US.
Clients of Munich Re Automation Solutions can adopt ALLFINANZ SPARK at a reduced cost and cycle time compared to legacy solutions, and seamlessly integrate the new platform into their existing systems quickly and efficiently.
In the last year, Munich Re Automation Solutions has expanded its footprint in the US and boosted its resources in the region with new hires.
These developments are in line with the company’s growing commitment to the region and ensuring all Americans have easy and ready access to life insurance nationwide.
Grant Andrew, Vice President, Customer Success at Munich Re Automation Solutions North America, commented on the partnership. “We are delighted to be partnering with Allianz Life to help bring its ePHI offering to the marketplace. Allianz Life wanted to provide a premier customer experience for its American customers and recognized the importance of digitizing and automating its offerings to do so.
“We are honored to be partnering with them, ensuring that access to life insurance increases for all Americans. We look forward to working with Allianz Life and supporting it in its ongoing digitization efforts.”
