Munich Re Offers New Risk Assessment Tools in Its EDGE Underwriting Manuals
PHOENIX -- April 8, 2013
During the Association of Home Office Underwriters (AHOU) 12^th Annual
Conference, Munich American Reassurance Company announced key enhancements to
its EDGE Life and Disability Income (DI) underwriting manuals. The
enhancements to the manuals include a new tumor calculator, updates to the
auto racing and mountain climbing sections and a new section on chronic pain.
“Adding a tumor calculator to our EDGE Life underwriting manual will assist
our clients in the risk assessment of applicants who have had prostate cancer
or melanoma,” says Bill Moore, Vice President, Underwriting and Medical
Services, Munich American Reassurance Company. “And, our continued research
will allow us to supplement the calculator with ratings and additional cancers
in future EDGE releases.”
Other changes are also being introduced to the EDGE Life underwriting manual
in its auto racing and mountain climbing sections.
“The new auto racing and mountain climbing sections have been completely
revamped with comprehensive ratings grids and reference articles which
encompass a wide range of racing and climbing activities,” says Marylou Dunn,
Assistant Vice President and Chief Underwriter for Munich Re Canada (Life).
“Many categories of auto racing have been addressed in the ratings grid, and
the mountain climbing updates include updated technical information and a
glossary defining the various types of climbing.”
The EDGE DI underwriting manual includes a new section on chronic pain, and
updated sections on intervertebral disc disease, lumbosacral and cervical soft
tissue injury and pregnancy and complications.
More information about the EDGE underwriting manuals can be found by going to
www.marclife.com and clicking on Underwriting Manuals.
Munich American Reassurance Company, founded in 1959, isone of the largest
reinsurers in the U.S.offering life and disability reinsurance to insurance
companies throughout the United States. The company also writes group, credit
and other reinsurance products.Headquartered in Atlanta, with an office in
Chicago, Munich American is licensed, accredited or authorized in all fifty
states; Washington, D.C.; Guam; and Puerto Rico.
Munich Re stands for exceptional solution-based expertise, consistent risk
management, financial stability and client proximity. This is how Munich Re
creates value for clients, shareholders and staff. In the financial year 2012,
the Group – which combines primary insurance and reinsurance under one roof –
achieved a profit of €3.2bn on premium income of around €52bn. It operates in
all lines of insurance, with around 45,000 employees throughout the world.
With premium income of around €28bn from reinsurance alone, it is one of the
world’s leading reinsurers. Especially when clients require solutions for
complex risks, Munich Re is a much sought-after risk carrier. Its primary
insurance operations are concentrated mainly in the ERGO Insurance Group, one
of the major insurance groups in Germany and Europe. ERGO is represented in
over 30 countries worldwide and offers a comprehensive range of insurances,
provision products and services. In 2012, ERGO posted premium income of €19bn.
In international healthcare business, Munich Re pools its insurance and
reinsurance operations, as well as related services, under the Munich Health
brand. Munich Re’s global investments amounting to €214bn are managed by MEAG,
which also makes its competence available to private and institutional
investors outside the Group.
This press release contains forward-looking statements that are based on
current assumptions and forecasts of the management of Munich Re. Known and
unknown risks, uncertainties and other factors could lead to material
differences between the forward-looking statements given here and the actual
development, in particular the results, financial situation and performance of
our Company. The Company assumes no liability to update these forward-looking
statements or to conform them to future events or developments.
Munich American Reassurance Company
Media Relations, Atlanta
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