MAG Mongeral Aegon implements Munich Re digital underwriting solution [Yahoo! Finance]
MUENCHENER RE GP UNSP/ADR (MURGY)
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Source: Yahoo! Finance
The collaboration involves the implementation of Munich Re Automation Solutions' SARA risk assessment tool at the point of sale for MAG Mongeral Aegon's private segment. Munich Re Automation Solutions, a division of the global reinsurance company Munich Re, specialises in providing automated underwriting and analytics solutions to the life insurance industry. Its software-as-a-service-based SARA solution is designed to integrate with insurance companies' systems through application programming interfaces to streamline underwriting processes. SARA is powered by Munich Re's underwriting guidelines. The solution's rulebook is regularly updated to reflect the latest data insights, Munich Re said. The reinsurer also claims that SARA has the capability to underwrite more than 90% of life insurance applications at the point of sale in less than two minutes. Munich Re life and health CEO of southern Europe, and Latin America Alberto Abalo said: “I am thrilled to see MAG embrace o
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