Hong Leong partners with Munich Re to enhance underwriting process

ALLFINANZ will reportedly streamline process and be more cost effective.

Hong Leong Assurance (HLA) and Hong Leong MSIG Takaful (HLM Takaful) has partnered with Munich Re Automation Solutions to enhance and streamline their underwriting process, an announcement revealed.

The insurance firms will make use of Munich Re’s ALLFINANZ technology, a modular solution that makes use of automated underwriting and analytics.

This is in line with HLA and HLM Takaful‘s efforts to use more leading-edge technologies to enhance their business processes.

Using ALLFINANZ’s analytics and reporting capabilities, HLA and HLM Takaful will be able to streamline their current underwriting processes and be more cost effective, the firms said.