By Stephen Nakrosis

Munich Re Life US on Tuesday said it agreed to acquire Clareto, a health information exchange offering record retrieval services to life insurance providers.

Munich Re said the deal will accelerate clients' access to and use of electronic health records for life insurance underwriting. Clareto is in partnership with more than 25 health information exchanges and electronic health record software vendors, Munich Re said.

Munich Re said the acquisition will allow it to structure EHRs for optimal and Clareto's access to EHRs will enhance Munich Re's digital underwriting solutions, alitheia and Allfinanz.

Dave Dorans, chief executive of Clareto, and Steve Leighty, chief operating officer, will continue to lead Clareto, Munich Re said, adding no changes are expected to Clareto's operating model, personnel, service model or standards.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

April 12, 2022 15:51 ET (19:51 GMT)

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