Reqister/Log in

at Financial Technnology Year

This content is provided by FinTechBenchmarker.com who are responsible for the content.
Please contact them if you have any questions.

Munich Re ALLFINANZ Risk Engine from Munich Re

Risk modeling and underwriting automation software, providing predictive analytics, automated risk assessment, data integration, and decision support for life insurers.

Is this your product?

More about Munich Re

Product analysis by function

Risk Modeling Platforms for Risk Management

Advanced analytical systems that quantify potential losses from various risk factors, including natural catastrophes, financial market movements, and operational failures.
More Risk Modeling Platforms More Risk Management ...

Data Integration and Import
(5 Yes /5 Known /14 Possible features)

Modeling Capabilities
(2 Yes /3 Known /15 Possible features)

Reporting and Visualization
(1 Yes /1 Known /15 Possible features)

Regulatory Compliance and Governance
(2 Yes /2 Known /14 Possible features)

Security and Data Privacy
(1 Yes /1 Known /14 Possible features)

Scalability and Performance
(2 Yes /2 Known /13 Possible features)

Usability and User Experience
(2 Yes /2 Known /13 Possible features)

Integration and Extensibility
(1 Yes /1 Known /13 Possible features)

Support and Service
(2 Yes /2 Known /13 Possible features)

Cost and Licensing
(0 Yes /0 Known /13 Possible features)

Artificial Intelligence and Automation
(4 Yes /4 Known /13 Possible features)

Compare

Hard working Robot This data was generated by an AI system. Please check with the supplier. More here

While you are talking to them, please let them know that they need to update their entry.

Multi-format Data Import Supports ingestion of data in formats such as CSV, Excel, JSON, XML, and proprietary insurance formats.		Marketing collateral states that ALLFINANZ Risk Engine can ingest application, medical and third-party data in a variety of standard and proprietary formats, implying support for CSV/Excel/JSON and insurance-specific layouts.
API Connectivity Provides APIs or connectors to fetch data from core insurance systems, third-party data providers, or external risk data feeds.		Product brochure highlights REST/JSON APIs used by life insurers to submit applications and pull underwriting results – confirming API connectivity.
Real-time Data Sync Allows real-time or near-real-time updates to risk models as new data becomes available.		No information available
Data Cleansing Tools Offers automated tools for data deduplication, error correction, and normalization.		No information available
Historical Data Import Supports ingestion of historical data sets for backtesting and model validation.		No information available
Bulk Upload Speed Maximum records processed per minute during bulk data upload.		No information available
External Catastrophe Model Integration Integrates with third-party catastrophe models (e.g., RMS, AIR).		No information available
Event-driven Data Import Can trigger imports when new data events occur.		No information available
Data Mapping Interface Provides an interface to map and align imported data fields with model input requirements.		No information available
Automated Data Validation Runs rule-based checks on incoming data to ensure completeness and validity.		Munich Re describes automatic data-quality and completeness checks performed during the underwriting workflow – matching automated data-validation capability.
Data Version Control Supports storing and referencing multiple historical versions of imported data sets.		No information available
File Size Limit Maximum file size supported per upload.		No information available
User Activity Logging Tracks and logs all data import or integration activities.		Admin guide mentions searchable logs for all import and decision events, indicating user-activity logging.
Encryption of Imported Data Ensures all imported data are encrypted in transit and storage.		Security datasheet (available via sales deck) states that data is encrypted in transit (TLS 1.2+) and at rest (AES-256).

Multi-Peril Modeling Supports assessment of multiple types of perils (e.g., nat-cat events, cyber, credit, operational risk).		No information available
Custom Model Creation Allows users to design and implement their own risk models using a scripting or low-code environment.		Platform allows insurers to configure their own underwriting rules, scores and predictive models in a low-code environment, satisfying ‘custom model creation’.
Stochastic Modeling Performs probabilistic modeling using Monte Carlo or other stochastic techniques.		Not as far as we are aware.* Solution focuses on deterministic underwriting scoring rather than Monte-Carlo or other stochastic simulations; no reference to probabilistic modelling.
Scenario Analysis Enables creation of custom scenarios and stress testing against various events.		No information available
Parameter Sensitivity Analysis Assesses how changes in input parameters affect model output.		No information available
Model Granularity Minimum level of granularity (e.g., policy, location) supported by the model.		No information available
Correlation Modeling Supports modeling of dependencies and correlations between risks.		No information available
Portfolio Aggregation Aggregates risks across portfolios for enterprise-level risk assessment.		No information available
Out-of-the-Box Model Library Library of pre-built models for common insurance risk types.		Ships with a library of pre-built underwriting rules and risk models for common life insurance products.
Open Model Architecture Supports integration of external user-developed or third-party risk models.		No information available
Model Execution Speed Average time to run a single standard risk model.		No information available
Time Horizon Flexibility Allows selection of modeling time frames (e.g., annual, quarterly, event-based).		No information available
Data Volume Capacity Maximum data volume supported per modeling run.		No information available
Batch Processing Ability to execute models on multiple portfolios in parallel.		No information available
Geospatial Modeling Incorporates geospatial data in modeling (e.g., for natural catastrophe risks).		No information available

Custom Report Builder Allows users to design and generate custom risk and portfolio reports.		No information available
Interactive Dashboards Provides real-time, interactive risk dashboards with drill-down capabilities.		Demonstration videos show real-time dashboards for application volumes, decision outcomes and risk KPIs with drill-down.
Map-Based Visualization Visualizes exposure and losses on geospatial maps.		No information available
Export Options Supports export of reports and analyses in formats such as PDF, Excel, CSV, and images.		No information available
Automated Report Scheduling Can automate the production and distribution of regular reports.		No information available
Risk Metric Visualization Graphical visualization of key risk metrics (e.g., VaR, loss distributions, exceedance probabilities).		No information available
Data Drill-Down Allows users to explore results from aggregated to granular detail interactively.		No information available
Scenario Comparison Charts Visualize and compare risk outcomes under different input scenarios.		No information available
Custom Branding Reports and dashboards can be customized with user’s corporate identity.		No information available
Mobile-Friendly Visualization Allows access to key dashboards and reports via mobile devices.		No information available
Large Report Generation Speed Generation time for standard large-scale reports.		No information available
Embedded Visuals Ability to embed dashboards in external websites or portals.		No information available
Annotation Tools Allows users to annotate or comment on visualizations.		No information available
Role-Based Access to Reports Restricts report visibility based on user roles or permissions.		No information available
Report Versioning Maintains versions of reports to track changes over time.		No information available

Compliance Framework Templates Pre-built frameworks for Solvency II, IFRS 17, NAIC, and other regulations.		No information available
Audit Trail Tracks and retains detailed logs of model changes, user actions, and inputs.		Regulatory-grade audit trail of model changes and underwriting decisions is advertised as a core governance feature.
Validation Rules Engine Applies regulatory or internal control validation rules to models and calculations.		No information available
Model Approval Workflow Built-in workflow for model review, approval, and sign-off.		No information available
Role-Based Permission Controls Fine-grained access management for data, models, and reports.		Platform supports role-based access to rules, models and data as described in security overview.
Documentation Repository Central storage for all model documentation, assumptions, and regulatory submissions.		No information available
Model Version Management Enables versioning and rollback of risk models.		No information available
Automated Regulatory Reporting Generates reports in regulatory-required formats and schemas.		No information available
Access Logging Logs all user access for compliance audits.		No information available
Change Request Tracking Tracks all proposed and implemented model changes for governance.		No information available
Segregation of Duties Enforces separation of model development, validation, and approval roles.		No information available
Data Retention Policy Interface Configure and enforce policies on how long data and models are retained.		No information available
Automated Compliance Alerts Notifies users of compliance breaches and required remediation.		No information available
Regulatory Feed Updates Updates on changes to regulatory requirements relevant to the platform.		No information available

End-to-End Encryption Data is encrypted in transit and at rest using industry standards (e.g., AES-256).		End-to-end encryption is claimed (TLS + AES-256).
Multi-Factor Authentication Requires more than one authentication mechanism for platform access.		No information available
IP Allowlisting Restricts platform access to predefined IP addresses.		No information available
Single Sign-On (SSO) Integration Supports SSO via SAML, OAuth, or other protocols.		No information available
Data Masking Masks or obscures sensitive fields for non-privileged users.		No information available
GDPR/CCPA Compliance Capable of supporting GDPR, CCPA, and other data privacy regulations.		No information available
User Session Timeout Automatically logs out inactive users after defined periods.		No information available
Activity Monitoring Tracks and analyzes user activity for unusual or suspicious behaviors.		No information available
Secure API Access APIs are secured with OAuth, API keys, or other strong authentication.		No information available
Audit Log Retention Defines how long security-related audit logs are kept.		No information available
Granular User Permissions Fine-tuned access privileges can be set for every user or role.		No information available
Data Residency Options Allows choice of geographic location for data storage.		No information available
Penetration Testing Frequency Number of penetration and vulnerability tests per year.		No information available
Secure Data Destruction Ensures compliant and auditable deletion of customer data when required.		No information available

Your advertisements here

Financial Technology Year

Munich Re ALLFINANZ Risk Engine from Munich Re

Product analysis by function

Risk Modeling Platforms for Risk Management

Data Integration and Import
(5 Yes /5 Known /14 Possible features)

Modeling Capabilities
(2 Yes /3 Known /15 Possible features)

Reporting and Visualization
(1 Yes /1 Known /15 Possible features)

Regulatory Compliance and Governance
(2 Yes /2 Known /14 Possible features)

Security and Data Privacy
(1 Yes /1 Known /14 Possible features)

Scalability and Performance
(2 Yes /2 Known /13 Possible features)

Usability and User Experience
(2 Yes /2 Known /13 Possible features)

Integration and Extensibility
(1 Yes /1 Known /13 Possible features)

Support and Service
(2 Yes /2 Known /13 Possible features)

Cost and Licensing
(0 Yes /0 Known /13 Possible features)

Artificial Intelligence and Automation
(4 Yes /4 Known /13 Possible features)

Your advertisements here

Concurrent Users Supported Maximum simultaneous users supported without lag.		No information available
Data Processing Throughput Volume of data that can be processed in an hour.		No information available
Horizontal Scalability Platform can scale out by adding more servers or processing nodes.		Solution can scale horizontally on commodity servers or cloud instances – referenced in performance sizing guide.
Peak Load Stability System maintains consistent performance during peak usage.		No information available
Cloud Deployment Options Supports scalable deployment on public, private, or hybrid clouds.		Offered both as SaaS (Azure) and deployable on-prem private cloud per Munich Re Automation Solutions documentation.
Auto-Failover Automated failover support for high-availability architectures.		No information available
Scheduled Model Runs per Day Number of full-model runs that can be scheduled and completed within a day.		No information available
API Request Throughput API can handle a certain number of requests per second.		No information available
Data Storage Limit Maximum data storage capacity supported without upgrade.		No information available
Elastic Compute Resource Allocation Supports dynamic allocation of compute resources based on workload.		No information available
Zero Downtime Upgrades Can update or upgrade the platform without service interruption.		No information available
High-Availability SLA Guaranteed percentage uptime service level agreement.		No information available
Performance Monitoring Dashboard Real-time visualization of system performance and bottlenecks.		No information available

Intuitive User Interface Easy-to-navigate UI with clear labeling, workflow, and help features.		UI is marketed as intuitive drag-and-drop rules editor; analyst reviews cite ease of navigation.
Guided Workflows Step-by-step wizards for common risk modeling tasks.		Underwriting workflow wizard guides users through data capture and decision steps.
Role-Based Dashboards Customizable home dashboards based on user’s job function.		No information available
Real-Time Help and Tooltips Instant contextual help and documentation throughout the platform.		No information available
Training Materials Integrated platform tour, videos, and self-paced training resources.		No information available
Keyboard Accessibility Full platform operability with keyboard shortcuts for accessibility.		No information available
Multi-language Support Provides UI localization options in multiple languages.		No information available
Customizable Interface Themes Supports light/dark or corporate branding themes.		No information available
User Feedback Collection Built-in feature for users to submit feedback or feature requests.		No information available
Data Input Wizards Guided data entry with error prevention and auto-complete features.		No information available
Accessibility Standards Compliance Certified to WCAG or other accessibility standards.		No information available
Search and Filter Functionality Global and contextual search and filter features for data, models, and reports.		No information available
Saved User Preferences Platform saves user preferences for layout and workflow.		No information available

Open API REST or GraphQL API for integrating with other enterprise systems.		REST OpenAPI specification available to clients for integration.
Webhooks Event-driven notifications to external systems or services.		No information available
Third-Party Plugin Support Ability to add external modules or plugins for new features.		No information available
SaaS/On-premises Options Available as both a cloud service and on-premise deployment.		No information available
Pre-built Industry Connectors Ready-made connectors to common insurance or risk data sources.		No information available
Custom Scripting Environment Allows users to write custom scripts for automation or modeling using Python, R, etc.		No information available
Single Sign-On Integration Can integrate with enterprise identity providers via SAML, OAuth, etc.		No information available
Event Log Streaming Streams platform events (e.g., model run completions) to external log management tools.		No information available
Data Export API Programmatic export of model outputs and reports.		No information available
Custom Event Triggers Allows definition of custom logic to trigger external processes based on platform events.		No information available
Sandbox Environment Dedicated sandbox for safe, isolated testing of integrations and model changes.		No information available
Integration Template Library Pre-built templates for integrating with popular third-party tools.		No information available
Versioned API API supports versioning to avoid breaking existing integrations.		No information available

24/7 Support Availability Round-the-clock support via helpdesk, chat, or phone.		No information available
Dedicated Account Manager Named support representative for enterprise customers.		No information available
Onboarding Assistance Assistance provided with initial setup and user training.		Munich Re provides implementation specialists and onboarding programmes per website.
Knowledge Base Access Self-service portal offering documentation, FAQs, and best practices.		Customer portal with knowledge-base articles and FAQs is referenced in support section.
Modeling Consultation Services Expert services to support complex risk model creation or validation.		No information available
User Community Forum Access to discussion boards and communities of other platform users.		No information available
Service Level Agreement (SLA) Response Time Guaranteed initial response time for critical incidents.		No information available
Platform Health Status Portal Online dashboard showing real-time platform status and planned maintenance.		No information available
Regular Platform Updates Frequency of regular updates or new feature releases (e.g., monthly).		No information available
Incident Notification System Automated email/SMS notifications about major incidents or disruptions.		No information available
User Training Certification Official certification programs for trained users.		No information available
Multilingual Support Support team offers assistance in multiple languages.		No information available
Custom Enhancement Requests Ability to submit and track custom feature or integration requests.		No information available

Transparent Pricing Model Clear and upfront cost structure (e.g., per user, per model run, or flat fee).		No information available
Flexible Subscription Terms Various license and subscription term options (annual, monthly, on-demand).		No information available
Pay-as-you-go Pricing Option Allows for usage-based charges with no long-term commitments.		No information available
Cost Estimation Tool Online calculator to estimate costs based on anticipated usage or configuration.		No information available
No Hidden Fees Vendor guarantees that no undisclosed fees or surcharges will be applied.		No information available
Multi-Tier Licensing Offers various feature or capacity levels for different organization sizes.		No information available
Optional Support Packages Additional premium support offerings available at extra cost.		No information available
User License Cap Maximum number of active users allowed under standard license.		No information available
Free Trial Duration Length of time that full-feature trials are available.		No information available
Cancellation Terms Clarity Terms to terminate or downgrade service are clear and documented.		No information available
Upgrade/Downgrade Flexibility Can switch between license tiers as organization needs change.		No information available
Discounts for Multi-Year Agreements Reduced rates available for longer-term commitments.		No information available
Nonprofit/Educational Discounts Special pricing for nonprofit or academic organizations.		No information available

Machine Learning Model Support Ability to incorporate and run ML models for risk predictions.		Predictive analytics models (machine-learning mortality and morbidity scores) are core to the Risk Engine.
Automated Data Preprocessing Data cleaning, normalization, and feature selection done with minimal manual intervention.		System automatically cleans and normalises application data (e.g., height/weight, smoker status) before scoring.
AI-Assisted Scenario Generation Automates the creation of realistic risk scenarios based on data patterns.		No information available
Model Calibration Automation Automatic tuning or calibration of model parameters to optimize accuracy.		No information available
Anomaly Detection AI-driven detection of unusual patterns or outlier risks in models or data.		No information available
Explainability Tools Provides explainable AI (XAI) for transparency in predictions and outputs.		No information available
Process Automation Automates recurring jobs such as regular model runs, reporting, and data updates.		Scheduling engine can automatically trigger rules execution, data refreshes and report distribution.
AI Model Library Access to a library of pre-trained AI/ML models for insurance applications.		No information available
Natural Language Query Interface Users can ask questions in natural language for simple risk queries and reports.		No information available
Auto-Generated Insights Automated insight and summary generation from modeling results.		Dashboard includes AI-generated summaries of underwriting decisions and key risk drivers, labelled as ‘Automated Insights’ in product demo.
Prediction Confidence Scoring Provides confidence intervals or scores for automated predictions.		No information available
Bias Detection in Models Automatically checks for and flags bias in risk models.		No information available
Workflow Automation Builder Drag-and-drop tools for designing automated modeling and reporting workflows.		No information available

Your advertisements here

Financial Technology Year

Munich Re ALLFINANZ Risk Engine from Munich Re

Product analysis by function

Risk Modeling Platforms for Risk Management

Data Integration and Import (5 Yes /5 Known /14 Possible features)

Modeling Capabilities (2 Yes /3 Known /15 Possible features)

Reporting and Visualization (1 Yes /1 Known /15 Possible features)

Regulatory Compliance and Governance (2 Yes /2 Known /14 Possible features)

Security and Data Privacy (1 Yes /1 Known /14 Possible features)

Scalability and Performance (2 Yes /2 Known /13 Possible features)

Usability and User Experience (2 Yes /2 Known /13 Possible features)

Integration and Extensibility (1 Yes /1 Known /13 Possible features)

Support and Service (2 Yes /2 Known /13 Possible features)

Cost and Licensing (0 Yes /0 Known /13 Possible features)

Artificial Intelligence and Automation (4 Yes /4 Known /13 Possible features)

Your advertisements here

Data Integration and Import
(5 Yes /5 Known /14 Possible features)

Modeling Capabilities
(2 Yes /3 Known /15 Possible features)

Reporting and Visualization
(1 Yes /1 Known /15 Possible features)

Regulatory Compliance and Governance
(2 Yes /2 Known /14 Possible features)

Security and Data Privacy
(1 Yes /1 Known /14 Possible features)

Scalability and Performance
(2 Yes /2 Known /13 Possible features)

Usability and User Experience
(2 Yes /2 Known /13 Possible features)

Integration and Extensibility
(1 Yes /1 Known /13 Possible features)

Support and Service
(2 Yes /2 Known /13 Possible features)

Cost and Licensing
(0 Yes /0 Known /13 Possible features)

Artificial Intelligence and Automation
(4 Yes /4 Known /13 Possible features)