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Munich Re Reduces Treaty Creation Time with Tier 2 ARENA
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2012
"We
have full version control and an audit trail, which is very
important with such complex insurance documents." Sigi
Kammerer, Head of Claims and Treaty Documentation, Munich
RE |
Post
execution contract changes are also automated. The software makes
valuable contract data available enabling reports that summarize
exactly which parts of the main treaty have changed. If a claim
arises, everyone is aware of what clauses are relevant and can
evaluate their impact.
Sigi Kammerer, Head of Claims and Treaty Documentation at Munich
Re UKLB said, "Not only is it much faster and safer to create
these Treaty documents with XENA, there are other benefits as
well. We have full version control and an audit trail, which is
very important with such complex insurance documents. In the future,
we plan to expand XENA to include Underwriting and Claims Authorities
Documents as well as Non Disclosure Agreements. And we are pleased
that other areas across the company have expressed their interest
in using the system."
“We are delighted that Munich Re has chosen ARENA
as the controlling application for the production of treaty documentation.
They are taking full advantage of the integration of ARENA
with Exari’s document assembly engine, to provide enhanced
document authorship, control, audit and reporting capabilities.”
About Munich Re
The Munich Re Group operates worldwide, turning risk
into value. The Group operates in all lines of business, with
around 44,000 employees at over 50 locations throughout the world
and is characterized by particularly pronounced diversification,
client focus and earnings stability. With premium income of around
€22bn from reinsurance alone, it is one of the world's leading
reinsurers. The primary insurance operations are mainly concentrated
in the ERGO Insurance Group. With premium income of over €17bn,
ERGO is one of the largest insurance groups in Europe and Germany.
It is the market leader in Europe in health and legal expenses
insurance, and 40 million clients in over 30 countries place their
trust in the services and security it provides.
About ARENA
ARENA
is a unique, ‘out-of-the-box’ standards-based document
control application that facilitates the creation, authoring,
review, approval, publishing, distribution and management of any
type of document.
ARENA delivers enterprise class in-built compliance so that even the smallest company can benefit from controlling their documents electronically and no longer need to rely on manually intensive methods to manage risk and maintain compliant procedures.
About
Tier 2 Consulting
Tier
2 Consulting is a dedicated team of experienced, highly skilled
developers creating bespoke web applications for some of the world’s
most demanding businesses and academic institutions.
We
use agile development techniques to deliver enterprise class,
‘rich’ web applications using leading-edge web technologies.
Long term relationships with blue chip organisations demonstrate
our expertise and our ability to consistently deliver high-quality,
cost-effective IT services.
Contact Andy Kennedy:
+44
(0) 1992 509 742
akennedy@tier2consulting.com
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