Munich Re has launched its software - as - a - service product ALLFINANZ ##® in the global mid - tier enterprise market through its insurtech unit Munich Re Automation Solutions . The service enables mid - tier firms to automate reporting and reporting processes , reduce costs and utilise an enterprise - scale platform , said Declan O'Neill from Munich Re . This solutions consequently speed up the lives of customers , reduce paperwork and human error , he said .
Munich Re has launched its software-as-a-service product ALLFINANZ SPARK in the global mid-tier insurance market through its insurtech unit Munich Re Automation Solutions. The service enables mid-tier firms to automate underwriting and analysis processes, reduce costs and utilise an enterprise-scale platform, said Declan O'Neill from Munich Re. This will consequently speed up the onboarding of customers, reduce paperwork and human error, he said.