- Case study
Munich Reinsurance Company of Africa Limited (MRoA) is one of the leading reinsurers on the African continent and provides a full range of services.
MRoA currently utilises an internally developed Excel-based quotes tool that is released to clients in various countries. The usage of an Excel-based tool places many limitations on centralising data and enforcing business rules which are key to improving the predictive models used to calculate the member risk profiles and premiums of group risk reinsurance.
The Entelect team worked closely with a client team distributed between Europe and South Africa to create a solution that caters for complex multi-tenancy, data and compliance requirements.
The system allows the users to create and review quotes for various insurance products, compare different scenarios, calculate risk for different membership classifications and perform claims experience analysis to validate predictive models with historic data.