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Allfinanz Brings Automated Insurance Underwriting to Australian Market

  • 29 March, 2007 14:28

<p>Allfinanz, the leading vendor of underwriting automation software for the life insurance industry globally, has today announced an expansion into the Australian market, and the establishment of an office and technology support center in Sydney.</p>
<p>Alby van Wyk, Head of Business Development for Allfinanz Asia Pacific commented, “One of the key business problem facing Australian insurers is the costly and inefficient process of getting new business into their systems. For many Australian insurers, the underwriting process hasn’t changed much over the last 50 years.”</p>
<p>In a highly competitive global market, insurance companies are trying to grow quickly, while reducing business costs and accurately price risk. Allfinanz delivers new business process automation solutions, enabling instant issue of new policies and straight through processing of life insurance business.</p>
<p>Alby van Wyk continued, “Allfinanz has established a new project and technical support centre in Sydney to support our growth in the region. Our Sydney office will provide implementation services and technical support to customers in the region.”</p>
<p>Allfinanz global clients include HSBC, Standard Life, Prudential, and Metropolitan Life. Allfinanz has technology partnerships with both IBM and EDS.</p>
<p>About Allfinanz
Allfinanz is the leading provider of new business processing and underwriting automation software for the life insurance industry. Founded in 1987, Allfinanz is based in Ireland, with offices in the UK, US, Australia, Hong Kong, Singapore and South Africa. Allfinanz solutions eradicate the traditional inefficiencies of processing new insurance business, and in so doing slash costs and drive greater profitability. Visit www.allfinanz.com for more information.</p>
<p>Media Contact:
Sebastian Rice, Silverspan, 02 9959 1991, seb@silverspan.com,
www.silverspan.com</p>

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