Allfinanz

Allfinanz helps insurers assess applications using configurable rules and analytics. The platform supports faster decision handling through automated underwriting processes. However, the software currently lacks a dedicated mobile app, but its features make Allfinanz suitable for insurers seeking structured underwriting management.

What Is Allfinanz?

Allfinanz is an automated underwriting and analytics platform for life and health insurers, managing risk assessments and applicant decisions. It includes a rules engine that allows insurers to modify underwriting criteria in line with their internal guidelines. This supports adjustments to risk evaluation rules as underwriting approaches and business requirements change. The platform also includes a pre-configured underwriting rulebook that provides a starting framework for insurers. The solution can be customized to match specific underwriting guidelines and internal risk assessment requirements.

What Is Allfinanz Best For?

Allfinanz is renowned for its Evidence Service, a cloud marketplace that helps life insurers access third-party evidence during underwriting. The service is designed for insurers that need to manage external evidence sources as part of application assessments. It provides a centralized way to connect with evidence providers, reducing manual coordination when gathering information required for risk evaluation.

How Much Does Allfinanz Cost?

The estimated Allfinanz pricing range may fall between $4,000 to $20,000/month, depending on factors such as deployment model, underwriting transaction volumes, integration requirements, and more.

Besides the fixed subscription charges, users should also consider additional, hidden costs, such as the following:

• Implementation And Onboarding: May cost approximately $20,000–$100,000+ (one-time), based on deployment complexity and workflow configuration
• System Integrations: Can involve one-time expenses of around $10,000–$75,000+ for connecting policy, claims, CRM, or data platforms
• Customization And Configuration: May range from $25,000–$150,000+ depending on underwriting rules and business-specific requirements
• Maintenance And Support Services: Can add approximately $800–$4,000+/month, depending on support scope and service expectations

Disclaimer: Pricing references are based on publicly available third-party information and industry benchmarks. Actual costs may vary.

Allfinanz Integrations

The software features the Allfinanz Predictor module that combines data and AI to integrate predictive models into your existing underwriting journey.

How Does Allfinanz Work?

Here's how you can get started with the software:

• Login to access the platform and review the available modules for underwriting operations
• Open the main dashboard to view underwriting activities and access assigned platform functions
• Configure access permissions and assign relevant responsibilities to underwriting team members
• Navigate to the underwriting workspace to review applications and available decision information
• Manage underwriting rules through the Rulebook Hub by accessing, editing, and publishing rulebooks
• Configure applicant interview screens to collect required information during the assessment process
• Review evidence-related activities through the Evidence Service to manage third-party information requests
• Use the Underwriter Workbench to organize application details and focus on required assessment data

Who Is Allfinanz For?

Allfinanz is ideal for the health and life insurance industries.

Allfinanz Use Cases

Based on an analysis of Allfinanz capabilities and its applications within life insurance underwriting environments, we have identified key scenarios where the software can be a suitable fit:

1. Life Insurers Automating High-Volume Underwriting Decisions

Life insurance providers handling large numbers of applications often need consistent approaches for evaluating risk information. Manual assessments can cause delays when underwriters repeatedly review similar cases. Allfinanz software can support insurers that want to apply predefined decision logic while maintaining oversight of underwriting outcomes. This makes it suitable for carriers processing frequent policy applications across different product lines.

2. Insurers Managing Complex Medical Evidence Collection

Insurance companies conducting detailed risk assessments often require information from multiple external sources before approving applications. Coordinating these requests manually can create delays and increase administrative effort for underwriting teams. The platform is well-suited to organizations that need a structured approach to accessing third-party evidence in life insurance assessments. It is particularly relevant to insurers handling policies that require additional applicant information.

3. Insurance Teams Updating Underwriting Rules Across Products

Carriers that regularly modify underwriting guidelines may face challenges when maintaining consistent decision criteria across products and regions. Changes to risk policies, regulatory requirements, or internal assessment standards can require frequent updates from underwriting teams. Allfinanz can support insurers that need to manage changing rule sets while keeping underwriting decisions aligned with current business requirements.

4. Insurers Supporting Remote Application Collection

Insurance providers operating across locations with inconsistent internet availability may need ways to collect applicant information outside traditional online environments. Field representatives or agents working away from central offices may have difficulty submitting application details immediately. The system can be suitable for organizations that require offline information collection before transferring completed applications for underwriting review.

5. Large Insurance Operations Improving Underwriter Case Management

Insurance organizations with dedicated underwriting departments often need better ways to organize application information during reviews. Underwriters may spend significant time locating relevant details before making decisions, especially when handling complex cases. The software is suited for insurers seeking a structured workspace where underwriting teams can review application information and manage assessment activities more consistently.

Is Allfinanz Right For You?

Allfinanz might be a suitable choice for insurance providers that need automated life underwriting tools with configurable decision rules and applicant interview capabilities. Its Rulebook Hub and Underwriter Workbench features support organizations managing detailed underwriting requirements.

Additionally, the software is SOC 2-compliant, ensuring the security of confidential user data. Trusted by various companies globally, including Insular Life, VitalityLife, Zurich Life, and more, the platform is highly scalable and can meet the needs of growing organizations.

Want to learn more about the Allfinanz software? Contact our expert team at (661) 384-7070 for detailed guidance.