Standard Life licenses Allfinanz xpertBridge for Underwriting Automation
September 2003Standard Life, Europe's largest mutual life insurer, is to use Allfinanz' xpertBridge technology to automate parts of the underwriting process for on-line and back office processing. Allfinanz is a global provider of technology-based solutions to the life insurance and banking industry.
xpertBridge will be deployed in support of Standard Life's life protection product range and integrated with Standard Life's systems.
"xpertBridge was chosen, in part, because of the functionality and flexibility it offered," says Margaret McPhail, Sales Director at Standard Life. "It will assist us to underwrite new business applications more efficiently."
David Wall, Allfinanz' CEO, added, "The ability to scale new business flows with a reducing cost base is a challenge many insurers are now facing, and why xpertBridge has been chosen by many leading UK and North American insurers. We are delighted to be working with Standard Life."
About Allfinanz
Allfinanz is a software company that has been providing technology-based solutions to the insurance and banking industry in Europe and North America since 1987. Allfinanz' xpertBridge solution for new business processing and underwriting automation, is rapidly becoming the market leader in its category. Allfinanz counts many of the leading insurers, including top 3 players, amongst its clients in Europe and North America and has been at the very core of enabling these companies to move to a Straight Through Processing (STP) world.
Allfinanz is headquartered in Ireland (Dublin) with offices in the US (Richmond, Virginia) and the UK (London).