Allfinanz Named as "Hot Vendor" to Watch for 2010 by Independent Research Firm
January 2010Allfinanz, the leading provider of automated underwriting software solutions to the life insurance industry, today announced that it was selected as one of eight vendors named to Forrester Research's "Hot Insurance Tech Companies to Watch in 2010" report.
Forrester Research is an independent research company that provides pragmatic and forward-thinking advice to global leaders in business and technology. Each year, this important report identifies a select group of technology vendors to the global insurance sector that Forrester expects could drive technology change within that sector during the coming year.
"Allfinanz's new business, automated underwriting, decisioning and analytics address the life industry's big conundrums - capturing more and better business while reducing the costs associated with writing that business," says report author and Forrester senior analyst Ellen Carney, "Allfinanz targets the needs of a critical process in insurance, underwriting, in a segment that by virtue of the complexity of what it's insuring, people's lives, is trickier to price."
For over twenty years, Allfinanz has paved the way in delivering technology solutions to the life insurance industry. The company's new business and underwriting process automation software solutions help make straight through processing (STP) and simplified issue a reality for many leading insurers and banks around theworld.
Commenting on the report, Ross Mayne, CEO of Allfinanz stated: "We are delighted to be named by Forrester as a hot vendor to watch by insurance companies. Progressive carriers and influential analysts, like Forrester, have identified underwriting excellence and sharper risk assessment as the route to profitability and market-share growth for life insurers in 2010. The timing of this report reflects this trend."
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