Before implementing any new technology that claims to increase efficiency, current underwriting processes need to be straightened out so that they make the most sense for the actual decision-makers—the underwriters. Let’s explore a few of the fundamentals that every insurance provider should keep in mind in order to execute a successful accelerated underwriting solution.
Innovations and insurance industry insights abound this April in New Orleans at the 18th Annual AHOU Conference!
This year’s sessions will focus on one of three tracks: Core, Innovation & Professional Development and Industry Insights, which is perfect for us as we will be demonstrating our innovative medical extraction solution specifically for life underwriting.
Technologies like digital applications for clients and other advanced forms of product delivery dramatically changed insurance industry standards in 2018. In 2019, insurance CIOs should be paying attention to additional technologies such as machine learning and blockchain.
Advancements in technology have allowed insurance CIOs to step back and look at the way the business is operating and how products are being delivered.
Just released today and the only one of its kind, Medical Extraction is clearing the way for life insurers and reinsurers to obtain accelerated underwriting programs by leveraging optical character recognition (OCR), natural language processing, AI and more.
“The pace of change has never been this fast before and it’ll never be this slow again.” This quote nails the impact technology is having in all industries as the digital revolution matures. Technological impacts and the pace of change does vary from one industry to another and many single out insurance for being slower and behind.
Midwestern Underwriting Conference here we come! We’re thrilled to join an impressive group of insurance industry leaders and medical professionals at the Midwestern Underwriting Conference Committee’s annual conference in Denver, Colorado this September.
Ever heard of the saying “the struggle is real?” I think for life insurance underwriters, that should be their motto. Below is a quiz for you to reflect on what wastes the most time in your life underwriting process.