Business Wire

Munich Re’s ALLFINANZ Spectra Turns Pre-Assessment Chaos into Instant Sales, STP and Analytics

Jaa

Munich Re Automation Solutions Ltd, the global leader in digital new business and underwriting solutions, again disrupts life insurance automation by releasing ALLFINANZ Spectra. Cloud-based Spectra turns an inefficient pre-assessment process into closed sales. Spectra promotes the buying decision into the first two minutes of contact.

Agents or prospects enter minimal data and watch Spectra instantly assess insurability and probable pricing. Guided questions dynamically fine-tune results before their eyes and initiate the building blocks towards a formal application. At every point, the agent is empowered with adequate knowledge to suggest a close.

Today's impatient clients stay interested. Higher risks aren't mired in discouraging, sale-killing detours. All parties know in minutes who is insurable, in which rate categories, and who is not. Agents can use one request to query single or multiple insurers for multiple benefit types.

"The hard work that agents and underwriters put into pre-assessments is often wasted," says Colm Kennedy, Executive Vice President Americas at Munich Re Automation Solutions. "Requests often clog underwriters' desks with telephone notes or consume hours in emails. Conversion rates are abysmal at 4%. Resulting quick-quotes risk inconsistency because data from that phase never arrives into rules engines to inform the formal decisions."

"Spectra remedies these problems and can deploy worldwide to advisers and staff on every platform within days," Kennedy continues. Spectra's intuitive graphical display or spectrograph of underwriting outcomes immediately shows brokers and prospects their results as calculated by the insurer's underwriting rulebook. Similarly, rules engines assimilate and leverage previously wasted input and business intelligence from hundreds of pre-assessments per week.

Kennedy adds, "Sales forces and prospects benefit when Spectra suggests upsells, cross-sells, or down-sells. High-risk clients you might have lost—or income-guarantee sales you'd have missed—now augment agents' and insurers' bottom lines, while insurance for those who thought they were uninsurable becomes a possibility."

Underwriter bottlenecks dissolve, assessment consistency is achieved and distributors become informed. ALLFINANZ Spectra is a turnkey solution that requires no IT effort to implement and can be made available quickly to your entire distribution network.

"Every sale has an emotional component," says Kennedy. "Don't let interest cool—or let other agents interlope—while old procedures plod along."

Contact information

Munich Re Automation Solutions Ltd
David Bordas
Tel: +353 1 293 2888
dbordas@munichre.com

Tietoja julkaisijasta

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

Tilaa tiedotteet sähköpostiisi

Haluatko tietää asioista jo ennen kuin ne uutisoidaan? Kun tilaat tiedotteemme, saat ne sähköpostiisi yhtä aikaa suomalaisen median kanssa. Tilauksen voit halutessasi perua milloin tahansa.

Lue lisää julkaisijalta Business Wire

Warehouse TERRADA Forms a Three-Party Partnership with Yokohama University of Art and Design and PALAZZO SPINELLI, an Italian Institute for Art and Restoration21.6.2018 12:00Tiedote

Warehouse TERRADA formed a three-party partnership with Tokiwamatsu Gakuen’s Yokohama University of Art and Design and PALAZZO SPINELLI ISTITUTO PER L’ARTE E IL RESTAURO, an institute for art and restoration located in Florence, Italy, concerning the restoration and preservation of cultural heritage in Italy. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180621005372/en/ From left) Emanuele Amodei, President of Palazzo Spinelli / Yasuyuki Korekawa, Operating officer of Warehouse TERRADA / Nobuaki Okamoto, Chairman of the Board of Directors, Tokiwamatsu Gakuen and President, Yokohama University of Art and Design (Photo: Business Wire) Warehouse TERRADA has always considered it to be important to educate future professionals involved in the restoration and preservation of artworks and craftworks. We have made a wide-ranging proactive effort in this field, such as by launching a collaborative course in art restoration and pres

Further STAC Approval for Smiths Detection’s Checkpoint.Evoplus21.6.2018 11:00Tiedote

The latest version of Smiths Detection’s Checkpoint.Evoplus software has been certified by STAC for use at French airports. Version 2.2. has followed in the footsteps of 2.1, which was the first ever solution for multiplexed image analysis to receive official approval from the French civil aviation authority technical centre. An advanced screening and management platform, Checkpoint.Evoplus is designed to increase passenger throughput; optimise resources; reduce operational costs; and raise security levels. “Both versions of Checkpoint.Evoplus have now gained STAC certification –further approval for a very innovative platform, which continues to set the standards for checkpoint management software,” commented Matt Clark, VP Technology & Product Development, Smiths Detection. “It holds the key to ensuring that checkpoints can reach their full potential by delivering the highest levels of security and also significant operational advances.” Checkpoint.Evoplus transforms a collection of i

Presidentti Obama Nordic Business Forumiin Helsinkiin21.6.2018 10:59Tiedote

Yhdysvaltain entinen presidentti Barack Obama on kiinnitetty puhumaan Nordic Business Forumissa, joka järjestetään 26.-27.9.2018 Helsingissä. Presidentti Obama tulee päättämään kaksipäiväisen tapahtuman. Tämä lehdistötiedote sisältää multimediaa. Katso koko julkaisu täällä: https://www.businesswire.com/news/home/20180621005425/fi/ Europe’s leading business and leadership conference brings President Obama to Helsinki, Finland to speak to business executives and owners. (Photo: Business Wire) Aslak de Silva, Nordic Business Forumin toimitusjohtaja: “Tämä on meille valtava kunnia, ja myös hieno mahdollisuus ja tilaisuus asiakkaillemme sekä Suomelle ja Pohjoismaille.” Hans-Peter Siefen, Nordic Business Forum hallituksen puheenjohtaja ja perustajajäsen: “Todella hienoa saada presidentti Obama tapahtumamme pääpuhujaksi. Tapahtuman agenda on jo ennestään upea ja tämä on sille hieno kruunu. Varmasti merkittävin puhujakiinnityksemme koskaan. Pari muutakin hyvin teemaspesifiä puhujaa on vielä tu

Mori Building and teamLab Launch Unprecedented Digital Art Museum21.6.2018 05:00Tiedote

“MORI Building DIGITAL ART MUSEUM: teamLab Borderless,” an unprecedented digital art museum — jointly created and operated by Mori Building Co., Ltd, a leading urban landscape developer, and teamLab, a world-leading digital art collective — opened today, the two organizers announced. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180620005005/en/ Toshiyuki Inoko, Founder of teamLab (Photo: Business Wire) The digital art museum features approximately 50 interactive artworks, some completely new, in a huge 10,000m² area with five zones. The interactive artworks have no borders separating them from the other works. Some extend beyond their installation rooms and into the corridors, some overlap with other works and some even fuse with other works. Since there are no boundaries, the immersive works keep the boundaries between people in a state of continuous flux. Visitors physically enter and explore the works as well as experie

Keihin Switches to Rimini Street Support for Oracle EBS21.6.2018 02:00Tiedote

Rimini Street, Inc., (Nasdaq: RMNI), a global provider of enterprise software products and services, and the leading third-party support provider for Oracle and SAP software products, today announced that Keihin Corporation, a leading Japanese automotive parts manufacturer, has switched to Rimini Street support for its Oracle E-Business Suite (EBS) system. By switching to Rimini Street, Keihin now receives a more comprehensive, responsive service for its Oracle EBS application and support for its custom, add-on code for a guaranteed minimum of 15 additional years from the date they switched, with no required upgrade to remain supported. In addition to receiving vastly improved service, Keihin also immediately realized savings of 50 percent in annual support fees. This cost savings of several tens of millions of yen annually can now be reinvested into more important initiatives in the IT organization, such as the development of a future cloud environment. This press release features mul

Results of MSCI 2018 Market Classification Review21.6.2018 01:08Tiedote

MSCI Inc. (NYSE:MSCI), a leading provider of indexes and portfolio construction and risk management tools and services for global investors, announced today that beginning in June 2019, it will include the MSCI Saudi Arabia Index in the MSCI Emerging Markets Index, the MSCI ACWI Index, and other global and regional indexes as applicable. This decision follows the implementation in the Saudi Arabia equity market of a number of regulatory and operational enhancements which effectively increased the opening of the market to international institutional investors. The proposal for inclusion received the support of the vast majority of international institutional investors that participated in the consultation. MSCI will include the MSCI Saudi Arabia Index in the MSCI Emerging Markets Index, representing on a pro forma basis a weight of approximately 2.6% of the index with 32 securities, following a two-step inclusion process. The first inclusion step will coincide with the May 2019 Semi-Ann

Uutishuoneessa voit lukea tiedotteitamme ja muuta julkaisemaamme materiaalia. Löydät sieltä niin yhteyshenkilöidemme tiedot kuin vapaasti julkaistavissa olevia kuvia ja videoita. Uutishuoneessa voit nähdä myös sosiaalisen median sisältöjä. Kaikki STT Infossa julkaistu materiaali on vapaasti median käytettävissä.

Tutustu uutishuoneeseemme