Munich Re Life US to acquire Clareto

Munich Re Life US has entered into a definitive agreement to acquire medical record retrieval company Clareto.

Founded in 2000, Clareto has partnerships with over 25 health information exchanges and electronic health record software vendors.

Munich Re says that the acquisition will enable the company to structure EHRs for optimal use in life insurance underwriting.

“With this acquisition, Munich Re will provide our life insurer clients with an entire set of new solutions to assist them in digitizing their underwriting processes – driving quicker decisions, delivering greater customer satisfaction and enabling new business growth. We look forward to leveraging our relationship with Clareto to deliver analytical insights from EHRs to enable and enhance the risk assessment processes of our life insurer clients.” – Marc Costantini, president & CEO, corporate development, strategy and digital solutions, Munich Re North America Life & Health.

“The union of Munich Re and Clareto is a natural fit. As the availability of EHR data grows, we see a significant opportunity to combine Munich Re’s capital strength and risk expertise, and Clareto’s access to health data to provide the life insurance industry with a comprehensive all-in-one solution. We look forward to leveraging our collective capabilities to drive innovation and power progress in the modernization of life insurance underwriting.” – Dave Dorans, CEO, of Clareto.