K.Denpong Jesadaviriya, EVP of Life Operations at Thai Life Insurance, added, “ With ALLFINANZ SPARK, we will be able to move faster in the market, gain access to Munich Re’s analytics services and, in the future, AI/predictive modelling capabilities. We really want to promote 100% adoption of e-application submissions for all channels and, in doing so, accelerate the turnaround times for our customers and provide them with a tailored experience. ”
Munich Re Automation Solutions today announced that Thai Life Insurance Public Company has selected its cloud-based automated underwriting solution, ALLFINANZ SPARK (SPARK), to streamline the process of its life insurance applications and improve its customers’ buying experience.
Thai Life Insurance will be adopting Munich Re Automation Solutions’ ALLFINANZ SPARK, which is a SaaS-based automated underwriting and analytics digital service which clients can implement at a lower cost, integrate easily into their current systems and launch quickly.
Seng Thiam Toh, Vice President, Customer Success at Munich Re Automation Solutions commented on the partnership: “The life insurance market in Thailand is continuing its journey towards greater digitization and we’re delighted to support Thai Life in their digital journey. SPARK will provide Thai Life Insurance’s customers with a faster turnaround time, and a more personalized risk assessment and experience, allowing underwriters to focus their efforts on complicated cases.”
K.Denpong Jesadaviriya, EVP of Life Operations at Thai Life Insurance, added, “ With ALLFINANZ SPARK, we will be able to move faster in the market, gain access to Munich Re’s analytics services and, in the future, AI/predictive modelling capabilities. We really want to promote 100% adoption of e-application submissions for all channels and, in doing so, accelerate the turnaround times for our customers and provide them with a tailored experience. ”
Thai Life Insurance will go live with ALLFINANZ SPARK in the coming months.