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The ALLFINANZ automated underwriting technology will offer support for the newest release of the DIME programme, which it says allows insurers to add a new insurance product, with minimal internal resources needed, to their portfolios.
Starting life as (specialist) trading banks, the now allfinanz institutions have swallowed up finance companies and savings banks, and their reach now extends to investment banking, insurance, wealth management and stock broking.
Jim Maher has been appointed executive chairman and Mark Schwarzmann has been appointed chief executive officer of AllFinanz in Richmond, Virginia.
Allfinanz has launched a new software system for the distribution of insurance, investment and other financial services products across multiple channels such as agents and brokers, bank branches, call centres and the Internet.
For example, it may turn out that banks in liberal market systems, particularly in the United States with the demise of Glass-Steagall, will come to resemble the German model of Allfinanz.
He brings 30 years of insurance and technology experience to CS STARS having previously served in leadership positions at EDS, Allfinanz, NaviSys, Conseco, and Oracle.
Mark Schwarzmann has been named chief operating officer for Allfinanz Inc.
Germany pioneered the Allfinanz (bancassurance in French) concept, and most of the main players are members of groups that include banking and investment management arms.
John Finan has been named chairman of Allfinanz, Inc.
Germany pioneered the allfinanz concept and most of the main players are members of groups that include banking and investment management arms.
At the ACORD/LOMA Insurance Systems Forum, Allfinanz Inc.
By working closely with IBM, Allfinanz is able to offer the Life Insurance industry a complete, proven and robust solution; from the technology infrastructure to the application and middleware software and professional services required to meet even the most complex automated underwriting and intelligent new business processing requirements.
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