Pyramid Solutions Blogs

Enterprise Content Management Blog

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The Monstrous Obstacle in Life Insurance Underwriting

Talk to any life insurance company and they will tell you that attending physician statements (APS) (also referred to as digital or electronic medical records) are the biggest delay in underwriting new applications. Ordering an APS is expensive ($50-$150 each), takes time to retrieve (10-30+ days) and is necessary for 20-30% of all life insurance applications (and if it is reinsurance, they require an APS for each application).

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Disrupting Underwriting at the AHOU Annual Conference

A 2014 Oxford University study concluded that jobs in the “service” and “sales and related” categories have high probability (greater than .7) of computerization (computerization is job automation by means of computer-controlled equipment). According to a McKinsey Global Institute report, the underwriting profession is vulnerable to having at least 35% of its tasks automated. Now, before you dust off your resume, let’s think about this a little further.

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Cognitive Capture Reducing Risk in Life Underwriting

Recent advances in cognitive technology make life insurance underwriters more effective at assessing policy applications. This technology allows life carriers to extract key data from documents, process it into relevant information, and present it back to Underwriters – all within the context of their normal application review process. Anecdotal evidence indicates that this can increase the productivity of underwriters by 30% when assessing complicated applications.

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Intelligent Manufacturing Blog

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Network Connectivity Blog

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Pyramid Solutions Corporate Blog

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How a Client-Centric Outlook Sets Us Apart

The typical customer experience for purchasing software, IT hardware, or even professional services looks a little something like this: You do some online research, read reviews and articles in journals and magazines (online or in print) and/or talk to your peers inside or outside of your organization or even go as far as hiring a consultant. Then after a while, you narrow your choices down to one or more vendors that you may evaluate even further – perhaps having the vendors perform a proof of concept or provide a demo. You’re a customer in this scenario.

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Helping Others Live Longer and Grow Stronger

By Steven Wiercinski, Senior Support Developer Being on the Ford Field turf where Detroit Lions players walked before me was a special feeling. Seeing the smile on my 15-month-old son's face as he walked on the field was an extraordinary feeling. On April 2nd, I,...

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Matt Langley Memorial Golf Scramble

Pyramid Solutions had the pleasure to participate in the 12th Annual Matt Langley Memorial Golf Scramble. This past week members of the Pyramid Solutions team gathered to play a friendly game of golf in remembrance of Matt Langley, a fellow golf lover. All proceeds...

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