SCOR Global Life announces the launch of SOLEM, its new substandard risks rating tool
SCOR Global Life announces the launch of SOLEM, its new online rating tool for medical, sports, occupational, financial, foreign residence and transport risks.
SCOR Global Life, a subsidiary of SCOR combining all of the Group’s Life reinsurance activities, announces the launch of SOLEM, its new online rating tool for medical, sports, occupational, financial, foreign residence and transport risks.
Risk selection is the most important service provided to insurers by a Life reinsurer, according to the Flaspöhler1 survey conducted in Europe in 2009. SCOR Global Life’s international R&D Centre for Medical Underwriting & Claims Management has developed this tool in close collaboration with the doctors and experts in the Group’s various Life entities, in order to provide an approach tailored to the specific features of each region.
SOLEM enables underwriters to rate all products with death, accidental death, long-term care, disability and critical illness covers. It includes a claims management index and calculators to facilitate day-to-day decision-making. This new, unique and innovative software enables underwriters to save, retrieve and modify ratings.
The rollout of SOLEM to SCOR Global Life clients will begin this month and should be complete at the end of the first quarter 2012.
Gilles Meyer, CEO of SCOR Global Life, comments: “Through SOLEM, SCOR Global Life makes it possible for clients to assess their files, from the simplest to the most complex. SOLEM is one of the most complete risk assessment manuals around, and is immediately available in five languages in order to meet the local needs of each of our clients as closely as possible.“