Introduction
Regulatory authorities expect insurers to offer PMI applicants the opportunity to be medically-underwritten at point of sale, as well as offering products on a moratorium basis.
Traditional risk-assessment involves form-filling, medical personnel and bureaucracy and is subjective, inconsistent, expensive, administration-intense and ineffective. Automation is highly desirable.
The Healix Risk Rating technology automates underwriting by recognising medical conditions, understanding their underwriting relevance, and applying a consistent approach in line with client requirements. |
