Now Browsing: Life Underwriting (ECM)
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.
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.