Partners

Munich Re Group is one of the world's largest reinsurers and the second-largest primary insurer in Germany. In November 2007 Munich Re acquired 100 percent of the equity of Allfinanz, following on from the implementation of a global marketing and co-operation agreement between Allfinanz and Munich Re, which started earlier that year. By combining Munich Re's expert underwriting rules and reinsurance services together with Allfinanz's software solutions, life insurers throughout the world have access to leading edge technology enabling them to process large volumes of business more efficiently. In addition to increased efficiencies, insurers can expect greater in-depth analysis of their business data and processes leading to continued improvements to the underlying underwriting rules and feedback on many measures impacting insurers' profitability.

Document

The protection market has witnessed a period of enormous growth over the past few years. One of the key challenges for providers has been to process increasingly high volumes of new business efficiently. To date, this has often been hampered by costly and inefficient processes, most notably the underwriting process,
which has remained largely unchanged for many years.

Download the Allfinanz with Munich Re inside PDF (188 KB)

Press Release

Allfinanz's has joined IBM's ISV Advantage Initiative - a program designed to provide independent software vendors (ISVs) with technical and marketing support to help meet the specific information technology requirements of small and medium business (SMB) companies. Specifically, the ISV Initiative will look to eradicating the traditional inefficiencies of processing new business.

Allfinanz and IBM partner for delivery to Small-to-Medium sized Insurers

Unified Healthcare Group (UHG) is Australia's leading provider of integrated medical evidence and outsourced new business solutions for the life insurance industry. Since the establishment of its Life Insurance Solutions division in 2002, UHG has been at the forefront of service innovation and works with life insurers and intermediaries to assist them to achieve their objectives including:

1.   Reducing policy completion-acquisition cycle times & NPW rates
2.   Improving operating efficiencies for their administration & underwriting resource
3.   Controlling medical evidence costs while ensuring highest quality data available
4.   Enhancing the adviser & customer experiences

UHG and Allfinanz recently entered into an agreement, with Allfinanz supplying the new business and underwriting process automation software for UHG's outsourcing services offering to the Australian life insurance market.

Allfinanz is an EDS Business Partner. EDS provides a broad portfolio of business and technology solutions to help their international clients improve their overall business performance. Their core portfolio comprises of information technology, applications and business process services, as well as information technology transformation services.

Press Release

A system to be developed for Liverpool Victoria by EDS will allow it to give its independent financial advisors a flexible electronic process for submitting life protection applications thereby effectively replacing their existing manual processes. This will mean faster acceptance of applications and significant reductions in overall operational costs.

Liverpool Victoria sign ₤26m deal with EDS

Allfinanz is an IBM Business Partner. IBM is one of the world's largest information technology companies, with over 80 years of leadership in helping businesses innovate. Drawing on resources from across IBM and key Business Partners, IBM continues to offer a wide range of services, solutions and technologies that enable customers, large and small, to take full advantage of this new era of eBusiness.

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HSBC deploys underwriting weapon to beat the competition in the UK insurance market

Download the HSBC PDF Case Study (994 KB)

Press Release

Origo is derived from the Latin Ab Origam, which means to develop from first principles. Origo's mission has been to remain at the centre of excellence for e-Business in the Financial Services sector. By delivering essential common capabilities and components, Origo facilitates the industry's ability to develop and maintain cost efficient marketing channels.

Click here to see a list of Origo Standards Users

ACORD (Association for Cooperative Operations Research and Development) is the insurance industry's non-profit standards developer - a resource for information about object technology, EDI, XML and electronic commerce in the United States and abroad. Allfinanz has been an active participant in numerous Acord working groups, not only implementing Acord standards, but actively participating in helping to create those standards. Allfinanz consistently updates our systems to be in line with the latest Acord specifications and we are certified for Policy Product, New Business, MIB and Requirement transactions.

Documents

2004 ACORD Certified Members

Download Accord Certified Members (71 KB)
2005 Life XML Implementation Report

Download XML Implementation Report (16 KB)