The Cost Benefit Tool
Holistic underwriting to insure more applicants
Reducing the time to read medical evidence is good
Not getting it at all is better still
Average time to offer -33%
Not-taken up cases -25%
Underwriter time -20%
Harness the united power of actuaries, underwriters and data scientists
The small print
The Cost Benefit Tool is an API-linked addition to an insurer’s underwriting workbench. It enhances policy information with non-PII third-party, distributor and GP data to combine individual policy underwriter decisions with the insurer’s pricing and behavioural economic models. It produces an immediate offer recommendation or the most effective medical evidence route.
Quoted process improvements based on an insurer’s pilot study.