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Augmented Underwriting with AI
Digital transformation in the life and health insurance industry is reaching an inflection point. Today, we’re seeing the shift to digital sales platforms and processes rapidly accelerating. Today’s insurers are increasingly looking to move away from traditional reactive underwriting and embrace new predictive approaches. They are attracted by the promise of higher STP rates, a reduced need for evidence and a better customer experience.
To help insurers achieve this, Munich Re has developed Augmented Underwriting with AI, a modular set of solutions combining data and artificial intelligence with our in-depth experience in risk assessment, AI/advanced analytics and automated underwriting.
Using our technology and AI expertise, our clients in Southeast Asia have experienced:
- Substantial increases to their STP (Between 30% - 120%)
- Noteworthy reductions on medical and non-medical evidence requests
- Minimal increases to risk
Our solutions bring together state-of-the art technology with easy access to reinsurance capacity and financing, enabling you to quickly implement next-generation capabilities with confidence.
To find out more about what our technology can offer your business, download the brochure by filling out the form.
Download the Brochure here
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Why go Predictive?
To understand more about the next generation of Underwriting, download our Augmented Automated Underwriting Whitepaper here
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This content may interest you
Why go Predictive?
Augmented Automated Underwriting: The next generation of automated underwriting
To understand more about the next generation of Underwriting, download our Augmented Automated Underwriting Whitepaper here
To understand more about the next generation of Underwriting, download our Augmented Automated Underwriting Whitepaper here
Blog
Digital Underwriting Blog
Stay up to date with the latest digital underwriting topics and industry trends. To find out more, read our latest blog content from our team of experts here
Stay up to date with the latest digital underwriting topics and industry trends. To find out more, read our latest blog content from our team of experts here
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Help where you need it
We offer a range of services to help further streamline your move to a predictive future.
Our expert teams can support you with everything from AI model development, integration, deployment, monitoring and maintenance to comprehensive AI risk implications, fairness and explainability analysis.
Ultimately, it means you can realise your vision sooner and quickly see the benefits.
Let's talk
Contact us for an exploratory conversation at [email protected]
Our expert teams can support you with everything from AI model development, integration, deployment, monitoring and maintenance to comprehensive AI risk implications, fairness and explainability analysis.
Ultimately, it means you can realise your vision sooner and quickly see the benefits.
Let's talk
Contact us for an exploratory conversation at [email protected]