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This edition of Reflections looks exclusively at the background to Munich Re's acquisition of Allfinanz and their global plans in the area of new business processing and underwriting rules development through the eyes of key personnel from both organisations.
Allfinanz and a UK-based client of a swiss group recently launched the first phase of a multi-regional deal which will see the Allfinanz solution rolled out across as many as ten different territories over the coming years.
November 2007
Munich Re acquires Allfinanz.
Munich Re has acquired 100 percent of the shares of Allfinanz, a software company headquartered in Dublin for 48m Euros in cash. Allfinanz is a leading provider of web-based business processing and underwriting automation software to the life insurance industry.
Allfinanz was recognized as one of the leaders in Irish Software when it received one of only five prestigious awards which were handed out on November 9th.
September 2007
Allfinanz and Munich Re: an Australian first with TOWER
Allfinanz and MunichRe have combined to provide a leading automatic underwriting and rules system. The system, now being piloted by TOWER Australia Group Ltd uses a technology-based automatic underwriting system supplied by Allfinanz and enabled with a rules set prepared by Munich Re.