National Friendly has adopted the ALLFINANZ SPARK solution from Munich Re Automation Solutions to simplify access to income protection.
The mutual society stated implementing the solution is aimed at providing "traditionally underserved" members with simplified access to income protection. National Friendly launched its income protection proposition in October this year, aimed at customers that traditionally wouldn't have been able to secure cover if they were unable to work due to accidents or sickness. The Munich Re solution automates the income protection underwriting process resulting in a simplified application pathway and "a fair and accurate assessment, even if their earnings fluctuate." Graham Singleton, ch...
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