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LIMRA and The Institutes RiskBlock Announce First Blockchain Use Case for Life Insurance and Annuity Sector
WINDSOR, Conn. and MALVERN, Pa., Sept. 20, 2018 — LIMRA and The Institutes’ RiskBlock™ Alliance have announced the first blockchain use case for the insurance consortia’s newly formed life and annuity sector.
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Life Insurers Look to Make the Underwriting Process Easier for Customers
Many consumers view underwriting as a significant obstacle to obtaining life insurance — often believing that the process takes too long and the requirements are too invasive. To address these challenges, companies are using automated and/or accelerated underwriting programs to improve their ability to determine medical risks by incorporating more and more data sources.
Most Workplace Life Insurance Customers are Gen X or Y
New LIMRA research sheds informative light on workplace buyers.