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New point-of-sale module from Munich Re Automation Solutions supports insurance underwriting

by Celia

Munich Re Automation Solutions has unveiled a new module, Interview Screens, as part of its point of sale solution, SARA. This addition to the SARA platform is designed to seamlessly integrate an insurer’s branding into the user interface, enhancing the overall experience for applicants navigating the underwriting process.

SARA, known for its comprehensive underwriting rules in life and health insurance, boasts the capability to underwrite more than 90% of applications within a concise two-minute timeframe. Keeping pace with the latest advancements in medical knowledge, SARA further provides a personalized underwriting experience by scrutinizing relevant data.

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The functionality of Interview Screens involves the activation of the underwriting engine, directing the presentation of questions and facilitating user interaction. Initial interview queries, tailored to the applicant’s profile, determine the subsequent need for reflexive questions or specific underwriting actions based on disclosures.

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Recognized as a significant advancement in digital underwriting technology, SARA Interview Screens presents insurers with an efficient and comprehensive solution for processing policy applications.

Alby Van Wyk, Chief Commercial Officer at Munich Re Automation Solutions, emphasized the streamlined nature of the insurance application process facilitated by SARA Interview Screens, stating, “This approach accelerates projects by reducing overall effort and time, making it an ideal solution for customers with time or resource constraints who seek configurable out-of-the-box application interfaces.”

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