Life Underwriting


 

Field Underwriting Tools

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eValuate

Improving Risk Selection is a goal of all insurers and agencies. eValuate supports carrier-specific underwriting rules including multiple impairments, co-morbidities, debits and credits, temporary flat extras and other ‘secret-sauce’. It provides Agency workflow and the ability to review and quote multiple Carriers, including specific underwriting guidelines and impairment parameters!


 

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XRAE

XRAE is a field underwriting tool that immediately returns a health class rating or range based on published and unpublished carrier underwriting rules. XRAE maintains the confidentiality of the each carrier’s rules and ensures the consistent, accurate application of those rules to each case, while enabling agents to set realistic customer expectations on-demand. Agents sell more, and carriers and distributors increase placement ratios.


 

Accelerated Underwriting

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What Is Accelerated Underwriting?

Trends point to an accelerated future for risk selection. Learn about Accelerated Underwriting by viewing or downloading the document written by Reinsurance Group of America,Inc. (RGA). Click on the button below:


 

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Health PicQture Data Insights Brought to Life

HealthPiQture, by ExamOne, is a highly flexible platform that allows you to make quick and confident decisions. Through HealthPiQture, insurers receive access to our extensive data sources. From a snapshot of an applicant’s past health, to a view of their current health, HealthPiQture combines health and behavioral insights for insurers. 


 

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Predictive Modeling a View from New York

By Jason Bowman, Founder & CEO, CumPane Solutions LLC

On 19 January 2019, the New York State Department for Financial Services (DFS) issued a circular letter1 concerning the use of external consumer data and information sources for life insurance underwriting. This followed a prior notice sent to insurers that the Department was investigating the use of such data for potentially unfair or discriminatory practices.

In the US the deployment of predictive models for life insurance has grown exponentially over the past five years, providing carriers with an opportunity to break out of the preferred underwriting ‘strait-jacket’ that has required anyone applying for life insurance over relatively low levels (around $100,000) to undergo a medical exam with blood and urine testing. Whilst preferred underwriting has enabled the industry to offer some of the most affordable life insurance in the world, it has conversely created an expensive and time-consuming underwriting process that has become an inhibitor for some consumers to purchase cover.


 

Applicant’s Experience

ExamOne Agents and Agencies

Your clients expect getting coverage to be a fast and trouble-free experience. So do you. Our streamlined processes eliminate redundancies and improve the applicant experience.

Resources for life insurance agents