Reinsurance News

Munich Re Automation Solutions enters partnership with MetLife Gulf

13th January 2021 - Author: Charlie Wood

Munich Re Automation Solutions, a subsidiary of the global reinsurer, has entered a partnership with MetLife Gulf to allow the implementation of its ALLFINANZ solution.

Munich Re logo on a signIt’s hoped that adopting ALLFINANZ will enable brokers, agents, and Bancassurance partners to provide a more streamlined service to their customers in Bahrain, Kuwait, Qatar, United Arab Emirates (UAE) and Oman.

This partnership places ALLFINANZ at the core of MetLife Gulf’s new Global Sales and Servicing Platform, M Power.

By leveraging the underwriting software, it’s possible to retrieve all necessary consumer information required to provide a proposal within 24 hours.

Dimitris Mazarakis, General Manager MetLife Gulf, said, “MetLife is committed to simplifying interactions with our customers through innovation and digitalisation.

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“We look forward to continuing our partnership with Munich Re Automation Solutions and enhancing our levels of service for our customers in the Gulf.”

Paul Donnelly, Executive Vice President EMEA at Munich Re Automation Solutions, added, “The shift from paper-based processes to digital is the way forward globally and our partnership with MetLife will cement our position as a key proponent for this.

“We’re committed to helping make life insurance processes as seamless as possible in the region. ALLFINANZ will provide intermediaries with capabilities to have one-and-done conversations with customers instead of multiple forms and questionnaires, allowing them to work swiftly and respect their customers’ time.”

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