Triglav Move to SaaS Automated Underwriting Solution, ALLFINANZ SPARK

Munich Re Automation Solutions Ltd announced today that Triglav, headquartered in Ljubljana, Slovenia, has rolled out its cloud-based, Software-as-a-Service (SaaS) underwriting solution, ALLFINANZ SPARK.

By migrating to ALLFINANZ SPARK, delivered as SaaS, Triglav will be able to benefit from new and enhanced underwriting and analytics features and functionality more quickly and cost-effectively, while ensuring it’s operating using best-in-class security standards.

Triglav, which also has a reinsurance relationship with Munich Re, has been an on-premise client of Munich Re Automation Solutions since 2018.

Alby van Wyk, Chief Commercial Officer at Munich Re Automation Solutions, said: “We are delighted to extend our successful partnership with Triglav in the Slovenian market and wider Southern Europe region. By transitioning to ALLFINANZ SPARK, Triglav can immediately benefit from enhanced services, new analytics capabilities, and optimize corporate agility by quickly deploying new features to continually improve the consumer experience.  

In today’s rapidly changing insurance landscape the need to sharpen focus on the customer experience is paramount. By adopting of our best-in-class SaaS solution Triglav is future-proofing its underwriting offering as well as improving efficiency, driving sales, reducing costs, and better managing risk.”

Maja Benko, Executive Director (Life, Accident and Pension) Triglav said: “The mission of the Triglav Group is to create a safer future, which we are building through our partnership with Munich Re Automation Solutions. We will continue with the digital transformation of the Triglav Group, within which we are already implementing the use of advanced analytics in a number of key initiatives. In this way, we aim to improve the understanding of customer needs, create tailored and personalized offers, and optimize and automate business processes.”

Munich Re Automation Solutions underwriting and analytics platform, ALLFINANZ SPARK, offers a flexible rules engine enabling clients to modify rules that reflect their individual underwriting philosophy and changing business strategies. With the ability to integrate third-party data for real-time use in point-of-sale (PoS) underwriting, or in the back-office for manual underwriting.

Building on the investment in their underwriting rulebook development over the past number of years, Triglav will continue to develop its intellectual property using the easy-to-use Rulebook Designer which enables users to customise the solution to their specific underwriting guidelines.