Munich Re Life US partners with Paperless Solutions Group
Munich Re Life US announced a partnership with Paperless Solutions Group to deliver a new solution that speeds up the underwriting process.
The solution combines the risk assessment and instant decisioning power of Munich Re’s alitheia with the application and point-of-sale process of PSG’s eValuate PLUS to deliver straight-through processing rates “that more than double the industry average.”
The combined solution of alitheia and eValuate PLUS is adaptable to different products, distribution channels, and target markets.
“We are proud to have achieved industry topping STP rates while limiting mortality cost. By integrating alitheia with leading technology from partners like PSG, we are enabling life insurance carriers and distributors to grow their business while bringing life insurance to more people. We will continue to leverage alitheia’s cutting-edge capabilities to transform the future of risk assessment.” – Brooke Tyson, 2nd VP of Operations, Munich Re Life US.
“The combination of alitheia and PSG’s eValuate PLUS provides a powerful solution for life insurers looking to automate their underwriting and, at the same time, improve their customer and agent experiences. What we have created with Munich Re is a truly modern and interconnected process that has been tested by large agencies for validation and will drive life insurance sales through a seamless seller-buyer approach.” – Jeff McCauley, president of PSG.