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News Announcement - Cattolica Assicurazioni and Munich Re partner to accelerate life insurance digital underwriting on protection line of business

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  • News Announcement - Cattolica Assicurazioni and Munich Re partner to accelerate life insurance digital underwriting on protection line of business
News Announcement - Cattolica Assicurazioni and Munich Re partner to accelerate life insurance digital underwriting on protection line of business
26 April 2021 - Time: 10:36

Cattolica Assicurazioni has partnered with Munich Re to implement an innovative and easy-to-use digital underwriting solution for the Italian life insurance market. The solution is based on technology developed by Munich Re Automation Solutions, the world leading provider of digital new business, underwriting and analytics solutions to the life insurance industry, and will enable life insurance agents to provide streamlined underwriting to their customers in Italy.

Combining Cattolica’s expertise in insurance sectors such as life, health and accident, with Munich Re Automation Solutions’ wealth of experience providing digital underwriting capabilities within the life insurance space and Munich Re’s 150 years of life and health underwriting know how ensures this new system will benefit Cattolica Assicurazioni’s customers.

The implementation will allow sales agents to deliver innovative underwriting at point of sale, significantly reducing the number of prospects lost in the sales funnel.

Marco Lamola, Deputy General Commercial Manager, Cattolica Assicurazioni, comments: “Cattolica is committed to be more innovative and to better serve customers faster and more efficiently in the digital era. We trust with MR AuW tool to deliver better customer experiences and enable us to meet the needs of today’s digital-savvy customer and prospects. This collaboration is also an opportunity for our agents to shorten the sales process, better serve their clients and encourage them to offer life insurance products to all customer.

Massimo Franchetti, Head of Life Product Management, Cattolica Assicurazioni, comments: Munich Re global expertise and proven track record in the life insurance industry were decisive factors which made them the clear choice of partner. Cattolica, being a fast-moving organisation, required a well-established partner who could provide proven technology and we’re convinced this is the obvious choice.

Marco Pistamiglio, Head of Life and Health and Executive Director of Munich Re Italy, comments:I am delighted that Cattolica Assicurazioni has selected Munich Re’s automated underwriting technology for its life insurance underwriting business. Committed to supporting our partners, Munich Re will be bringing full expertise to support Cattolica in providing optimal user experiences for customers engaging in life insurance products and top-class quality on underwriting.