Automated underwriting report names Swiss Re Strong Performer

Forrester has released its Q4 2019 research on 13 of the most significant providers of automated life insurance underwriting, The Forrester Wave™: Automated Life Insurance Underwriting Systems, Q4 2019.  The evaluation included technology companies along with reinsurers like Swiss Re who provide a comprehensive, differentiated automated underwriting solution.

Swiss Re is pleased to be named a strong performer in the Forrester Wave™ for our Magnum suite of automated underwriting solutions.

Forrester recognized Swiss Re's large and global footprint including nearly 60 customers in 30 countries. We were also noted for:

  • Highest score possible in the “Efficiency of Implementation” criterion
  • Strong simulation and testing of new rules
  • A behavioural science team that we describe as one of our strengths
  • Strength in cloud and on-premises deployment for transactional and subscription billing models

The Forrester report also notes that Magnum Pure is aimed at larger, global insurers, while Magnum Go is designed for smaller life insurers. 

Swiss Re launched Magnum Go in select markets as a cloud-based solution that makes automation more accessible and simpler to install for insurers of all sizes.

The full subscription-only report can be found on the Forrester website.

To be truly successful, automation needs to balance speed and simplicity with accuracy and confident risk assessment.

Magnum is more than software

Swiss Re's Magnum suite is designed by underwriters for underwriters and is backed by the power of Life Guide – the industry's No. 1 underwriting guide and the go-to resource for the latest research and understanding of biomedical risk.  

To be truly successful, automation needs to balance speed and simplicity with accuracy and confident risk assessment. Magnum, backed by Swiss Re's deep expertise in understanding and quantifying risk, helps insurers around the world improve their processes and efficiency AND be able to stand behind every underwriting decision with confidence.

Are you interested in a fast path to underwriting automation?

Contact us to start a conversation.

Whether you are looking to completely transform your underwriting with new thinking on product design, modeling and customer journeys, or simply want to take the first step into automation your Swiss Re team is ready to help.

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