The “Underwriting Ease” Platform by Swiss Re Solves the Kick-Out Problem

Underwriting Ease is a powerful tool introduced by Swiss Re to revolutionize the life insurance underwriting process. It is designed to assist life insurance underwriters in making faster and more confident decisions, especially when dealing with referred cases.

Life insurance applications that don’t fit into the automated underwriting process often pose a challenge. Underwriters have to spend significant time sifting through vast amounts of data to understand the applicant’s history. The increasing reliance on third-party data sources, such as clinical health data, exacerbates this problem. The primary concern is: How can we eliminate the administrative overhead and provide underwriters with the precise information they need, exactly when they need it?

Swiss Re’s Underwriting Ease offers a comprehensive solution to this challenge. It consolidates all medical underwriting requirements into a single, intuitive view. This eliminates the need for underwriters to search for information across multiple platforms or windows. The tool is designed to highlight impairments, interpret clinical health data, and help underwriters arrive at an appropriate decision swiftly.

The introduction of Underwriting Ease can bring about a significant transformation in the manual underwriting process:

• 50% reduction in Manual UW time: This was proven in a pilot, leading to a significant decrease in the time spent reviewing complex cases.
• Improved placement rate: Ensures that more applicants find the right insurance solutions.
• Brings greater consistency in UW decisions: Standardizes the decision-making process across different cases.
• ROI by reducing APS orders: Offers a better return on investment by minimizing the need for attending physician statements.
• Mortality benefits: Ensures that the underwriting decisions align with the mortality risks and
  benefits.

The tool stands as a testament to the power of specialized design, having been meticulously crafted by underwriters specifically for their colleagues in the industry. This unique approach guarantees a solution that resonates with the specific needs and nuances of the underwriting community, ensuring that it’s not just another generic software but a tool that truly understands its users.

Its ability to present clinical health data in a structured and organized manner is a game- changer, simplifying the often complex task of data interpretation. This ensures underwriters can make informed decisions swiftly and accurately. Furthermore, integration challenges are a thing of the past, as the tool is designed to embed seamlessly into existing underwriting processes, causing minimal disruption. Its adaptability is another feather in its cap, allowing it to be tailored to various underwriting philosophies and approaches. To top it all off, the tool is equipped with advanced technical capabilities, ensuring it remains at the forefront of modern underwriting solutions.

If you would like to learn more about “Underwriting Ease” or schedule a demo, then click  here

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