History

For over twenty years, Allfinanz has paved the way in delivering technology solutions to the life insurance industry. Our new business processing solutions and underwriting automation software helps make straight through processing and instant issue a reality for many leading insurers and banks around the world, Allfinanz has instituted for our many clients the cutting edge advantage of being able to approve up to 80% of new business applications at the point of sale across a range of distribution channels with a reduction in administrative cost of as much as 85%.

Allfinanz solutions have been successfully deployed for multiple products across all distribution channels including intermediary, call centre, bancassurance and  direct.

Allfinanz's New Business Processing Solution automates sales processes by electronically capturing application details and automating the underwriting process, while expertly handling all compliance, data-capture, documentation and workflow issues associated with ensuring the completion of all business requirements for each and every new application. For cases that cannot be automatically underwritten, additional requirements are ordered at the point of sale and detailed interview case files passed to underwriters for manual processing, using our Underwriter Workbench application. 

Leveraging on the tried and proven core expertise of Allfinanz' Underwriting Rules Engine, an unrivalled functionality and intelligence exacts a seamless and effective integration into our clients' new business processes and up-and down-stream systems.

Some Developments and Installations

• Prudential - Successfully installed a radically new and flexible offering, combining Intermediary distribution and teleunderwriting.
• Metropolitan Life - Effectively moved from paper based applications to elevctronic\call centre for all distribution, in 9 months.
• HSBC - Significantly slashed insurance underwriting processing time from weeks to minutes, with the majority of applications decsioned at the POS.
• The Hartford cornered a distribution channel using an innovative short form and call center distribution process.

Allfinanz is Headquartered in Ireland, has a regional office in Sydney, and sales offices in  in the UK, US, Hong Kong, Singapore, Tokyo and South Africa.

Allfinanz Customers include HSBC, Standard Life, Prudential, The Hartford, Metropolitan Life, Liverpool Victoria, Bank of Ireand, Tower. We've also made it our business to establish partnerships with industry leaders like MunichRe, EDS and IBM.