Magnum Pure

Magnum Pure: underwriting automation

Our original, full-service automation solution that doubles as your super power

And it sets you up for so much more:

• Faster application processing
• Improved customer experience
• Lower operating costs
• Better reporting and insight into the business you're writing

Best of all, with Magnum, your investment in automation continues to work with you as your business transforms and adapts to new sources of data , product innovation and increased forms of consumer engagement.

• A comprehensive rules base firmly rooted in the industry's gold standard for underwriting guidelines
• Expertise on the latest medical, regulatory and technical developments
• Risk translated into ratings that help you build a strong portfolio
• 50+ years of the same medical underwriting expertise we base our own business upon

• Build and customise rules with ease
• Connect team members across locations and devices
• Consistent experience no matter the device

• Simple and secure access to reporting and analytics on your custom dashboard
• Built-in standard views plus intuitive drill-down for in-depth analysis
• Identify potential risk trends and react quickly to market changes

Magnum by the numbers:

• Used by more than 60 insurers
• Available in 26 countries and 17 languages.
• Accessible as point of sale on 1.3 million devices in China
• Processes more than 12 million applications per year

Magnum helps you make better, faster underwriting decisions and provide a simplified application journey for your customers that will set you apart.

Magnum Pure has a proven capability to maximize the benefits of an automated underwriting solution throughout the entire new business journey for all stakeholders in the new business chain. For Thrivent, this includes any of your distribution channels, any future alternative sales partners and, most importantly, your end customer.

For our mutual business success, we will work with you to ensure that our solution (supported by a proven implementation track record) delivers the following benefits:

•Ability to deliver an end to end underwriting engine solution aligned to Carrier's key objectives of business growth and operational efficiency;

•Having autonomy to develop, refine and configure your customer underwriting experience

•Certainty of a collaborative approach to manage the project implementation providing on-site resources (project manager and relationship manager) and delivering on expectations;

•Commitment to working post implementation on optimizing Carrier's Straight-Through-Processing (STP) and delivering insights through data analytics on business performance;

•More effective risk pricing, proposition and product design by using data to better understand customer's disclosure and behaviour;

•Achieving higher take up rates and instant completion of sales by enabling final underwriting decisions to be available immediately at the point of sale; and

•Advice and support to Carriers on industry changes, product design, and risk management.

In addition, Swiss Re can assist Carriers in identifying pain points in the business cycle to instigate pilot testing, based on up-to-date behavioural economic theories. Pilot conclusions may drive rule changes, process changes and significantly improve results across Sales, Underwriting, Claims and Distribution Channel performance and behaviour.

The primary differentiations are:

1. Underwriting Expertise - backed by Life Guide as a starter kit for your underwriting philosophy and providing actual lay underwriting experience to the implementation and guidance of rule configuration

2. Business Partnership - as business partners, we are looking to provide the mechanism for success rather than providing only a solution along with the totality of Swiss Re services and solutions

3. Consumer Engagement philosophy - focusing our underwriting expertise, decisions, risk classes and mortality assumptions at the point of sale - to get better business on the books

4. Global knowledge and data driving straight through rates is built-in to the consumer engagement - risk decision at point of sale

5. Balance sheet confidence in your success (provided we reinsurance any business processed through Magnum, although not required)