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Verisk Is Launching New Analytics Platform for Life Insurance Underwriting in Collaboration with SCOR
Last verisk analytics, inc. earnings: 2/18 04:30 pm
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US:NASDAQ Investor Relations: investor.verisk.com/overview/default.aspx
JERSEY CITY, N.J., Feb. 28, 2020 (GLOBE NEWSWIRE) -- Verisk (Nasdaq:VRSK), a leading data analytics provider, is launching its new analytics platform for automated underwriting of life insurance in collaboration with SCOR, a Tier 1 global reinsurer. Verisk’s new analytics platform is designed to help improve the life insurance buying experience for consumers and support insurers’ digital transformation. The solution uses artificial intelligence (AI) to help life insurers ingest and interpret electronic health records (EHRs) for real-time underwriting decisions once the appropriate consumer consents have been obtained. “Electronic medical records have the potential to become a critical source of data for life insurers looking to streamline underwriting and transform the customer experience,” said Maroun Mourad, president of global underwriting at Verisk. “But it’s been difficult for many insurers to extract and interpret unstructured EHR data, such as doctor’s notes, and make decisi
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