Swiss Re expands life insurance workbench to APAC & EMEA
Swiss Re has expanded its partnership with Appian, a software company that automates business processes, to launch its underwriting life insurance workbench to select countries in Asia Pacific, Europe, the Middle East and Africa.
Integrated with Swiss Re's automated life insurance underwriting solution, Magnum, the Appian Connected Underwriting Life Workbench is designed to accelerate the life insurance underwriting process and improve underwriters' productivity and experience on one system.
Dylan Rowe, head of global life and health automated solutions, Swiss Re, said: “Integrating Swiss Re Reinsurance Solution's Magnum and Appian Connected Underwriting enables insurers to experience an intelligent and comprehensive underwriting automation and workload management platform.
“After a successful launch in North America last autumn, we are excited to make this life insurance solution available in selected countries of APAC and Europe this year so that even more customers who want to improve the efficiency and quality of underwriting with innovative technology can benefit from it.”
Jacob Sloan, industry vice president, global insurance, Appian, said: “Underwriters often find themselves juggling information scattered across email inboxes, outdated systems, and lengthy documents. This is especially true for life underwriters, for whom administrative burden can significantly slow down their ability to accurately assess risk in a timely manner.
“That's why Appian has partnered with Swiss Re Reinsurance Solutions to introduce Connected Underwriting Life Workbench to improve operational efficiency and the underwriter and customer experience for life insurers. This solution is especially helpful for insurance companies that want to streamline underwriting processes with risk management and policy consistency across multiple markets while allowing flexible and agile adaptation to local regulations.”
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