Life Insurers Leverage Technology and Greater Access to Data to Streamline Underwriting, LIMRA Report
WINDSOR, Conn., March 22, 2016—Two in three life insurance companies in the U.S. and Canada have implemented automated underwriting for at least part of their business and another 32 percent are in the planning stages of implementing automated underwriting, according to a new LIMRA study.
2017 Big Data Analytics Conference Draws Leaders in Data Analytics to Learn About New Trends and Best Practices.
Half of life insurers have some type of automated underwriting solution in place and 41 percent of companies are in the planning process, according to LIMRA research.
Automated underwriting solutions offer a way for companies to access the information they need to make informed decisions and issue policies faster, with benefits for all stakeholders.
WINDSOR, Conn., Dec. 2, 2014--Nine in ten life insurance companies report using big data analytics to better compete in today’s market, according to a new LIMRA report.
LIMRA has established an advisory council to explore opportunities in the life insurance and retirement sectors to use blockchain technology.
What a Difference a Year Makes — Social Media Use Climbs More than 30 Percent By Life Insurers in 2011
LIMRA study reveals dramatic uptick as companies strive for competitive edge.
2019 Insurance Barometer Study: Nearly Half of Americans More Likely to Buy Simplified Underwritten Life Insurance
Arlington, Va., and Windsor, Conn., April 1, 2019 – Almost half of Americans (47 percent) say they are more likely to buy life insurance using simplified underwriting, which generally means getting coverage more quickly and without a medical exam versus traditional underwriting approaches, according to new findings from the 2019 Insurance Barometer Study.
Opening the 2017 LIMRA Conference amidst more than 750 attendees, Robert A. Kerzner, CLU, ChFC, president and CEO of LIMRA, LOMA and LL Global, explored how new technologies – including artificial intelligence (AI) – have the potential of spurring growth and greater consumer engagement.