technology

Interview with Samantha Chow on "the state of life insurance underwriting now, in the wake of all of the changes brought on by advances in underwriting data sources and technology."
 

With a sweep of a smartphone camera, waves of infrared light penetrate the skin and beam back biometrics based on blood flow. It sounds like science fiction, but this electro-optic technique – photoplethysmography (PPG) – is real and the subject of rising insurer interest due to its affordability and array of potential digital applications.
 

Differentiated products and services are key to growth among life and annuity carriers.  Underwriters are poised to help drive this new growth, but they need the right tools and training.
 

From voice assistants to personalized recommendations on streaming services, machine learning is a branch of artificial intelligence that many of us encounter daily and makes our lives easier.
 

Life insurance-linked wellness programs were first developed more than 20 years ago, and insurer interest in these programs has continued to grow ever since. Nevertheless, all these years and seemingly countless program launches later, the industry has yet to fully realize the potential of wellness initiatives. 

In this edition of ReCent Medical News, Paul Edwards explains why health and fitness data captured through the use of wearables is potentially very meaningful for life insurance underwriting.

In our first article we looked at some of the basic terminology used around the umbrella term artificial intelligence (AI). In our second we take a deeper dive into an area which we think has huge potential in underwriting and claims.

Munich Re Life US evaluated LexisNexis Risk Classifier with Medical Data, a predictive modeling tool developed and owned by LexisNexis® Risk Solutions in collaboration with ExamOne. It assesses mortality risk by combining an individual’s behavioral and credit attributes and medical data, including prescription history, clinical laboratory results, and medical claims.

Facultative cases exist on a spectrum of difficulty, and increasingly, insurers recognize that many of these substandard submissions benefit from a blend of human judgment and automated processes – a hybrid approach. RGA's Scott Sibley explains.

Digital point of sales solutions for life insurance continue to become more innovative.