Munich Re, a life reinsurance company in North America, has launched a new life insurance underwriting manual ‘EDGE’. The company is expected to roll out two versions of EDGE, one for the US and one for Canada.
According to Munich Re, EDGE is a web-based life insurance underwriting manual that was developed by a team of physicians, underwriters, analysts and biometric research experts. It features ten calculators, some of which are like liver function test (LFT) calculator which incorporates applicant’s body mass index (BMI). Each calculator was developed based on the company’s research.
The company said that with the introduction of EDGE, it is putting into practice a new and efficient method of assessing mortality risks.
Mike DeKoning, president and CEO of Munich American Reassurance Company, the Munich Re subsidiary in the US, said: This new manual was designed using industry-leading research that is presented in a user-friendly, easy-to-navigate format. From the response we received at AHOU, this new manual is a sought-after alternative for our clients and will be well received by the markets.
EDGE is expected to roll out to Munich Re customers in late May.
Headquartered in Atlanta, Munich American Reassurance Company, a reinsurer in the US, offers life, disability and long term care reinsurance. The company also writes group, credit and other reinsurance products.