Life insurance companies are seeking alternatives for acquiring the delay-ridden medical records used in the Life Insurance underwriting process.
The challenge of the traditional underwriting process in life insurance is that it's anchored to the “attending physician’s statement” (APS). Simply put, the APS is a comprehensive record of the customer’s medical history. The historic model for obtaining an APS encompasses numerous manual and non-digital steps, making it time-consuming and a costly operation.
For life insurance underwriters and companies, we provide a solution that addresses the time consuming and expensive task of acquiring medical records by using a web application that aggregates digital health records from regional health networks. Resulting in precise and instant health data and risk evaluation, to assist in quicker underwriting, optimal rates and reduced revenue leakage associated with long turnaround times.