ChatGPT is taking the world by storm. Like so many other organizations focused on digital transformation, we were immediately intrigued and wondered how we could help our carrier partners innovate using ChatGPT and other AI tools like it. Several RGA teams started looking into the possibilities for everything from underwriting to data analytics.
Colorado is leading the way on regulation around insurers’ use of data with its first rules requiring life carriers to ensure the use of third-party data in life insurance underwriting does not discriminate against protected groups.
The life insurance industry is on the brink of a potential revolution driven by artificial intelligence (AI) technologies like ChatGPT.
RGA's Catie Muccigrosso explains why, as accelerated underwriting evolves, insurers will benefit by adjusting their underwriting manuals' traditional full underwriting guidelines to ensure appropriate use.
A coalition of insurance industry and healthcare leaders have formed a non-profit organization to help global insurers screen, test, and triage members to combat the baffling rise in excess mortality.
With the advent of new screening programs for high risk adults with a previous smoking history, more than a million new cases of pulmonary nodules are found, with approximately a five percent malignancy rate. It is no wonder underwriters and physicians take these findings seriously, and a thorough work-up is done to be sure any nodule encountered has a benign outcome.
Digital distribution and digital underwriting provide life insurers with new ways to understand customer behavior. Although difficult to harness, digital behavior and contextual signals present insights that can be used to improve processes along the life insurance value chain.
This report examines the impact of mental illness on U.S. population mortality and longevity. It also explores the impact of the COVID-19 pandemic on mental illness.
I always like April’s article to include underwriting because the largest life insurance underwriting conference, AHOU, which is April 16-19 this year in Hollywood, FL.
Alternative data sources and supporting technologies are propelling today’s advances in underwriting, enabling acceleration. Accelerated underwriting is empowering insurers to speed processes and improve the customer experience.