Data analytics provider Verisk has collaborated with Bermudian reinsurer PartnerRe on the development of its new life insurance solutions, which, use advanced voice analytics and artificial intelligence (AI) to transform both underwriting and the customer experience.
Under the new partnership, PartnerRe is set to test new tech that is able to highlight potential tobacco users among life insurance applicants via an analysis of telephone interviews and applicant data. Essentially, explain the pair, this will help identify those applicants that might need further review or lab testing while enabling the majority of applicants to experience the benefits from accelerated underwriting. Nick Irwin, director of life insurance solutions at Verisk, said: “Providing a fast and easy purchase experience for life insurance in the long term requires a commitment to exploring new data and technology while maintaining the protective value that traditional underwriting brings.
https://www.reinsurancene.ws/verisk-partnerre-leverage-ai-to-transform-life-insurance-underwriting/
unknownx500
