A credit-based insurance score highly predictive of mortality for use across the life insurance policy lifecycle.
More informed decisions within tighter risk segments accelerate and simplify the underwriting processes.
Improved marketing and sales
Deeper insights help identify potential sales and improve upsell opportunities within the existing portfolio.
Leverage behavioural insights for a more holistic view of overall risk.
Combine the predictive power of mortality data and behavioural assessments for more accurate, long-term insights into applicants during underwriting. Reduce wet medical examinations and accelerate friction-right onboarding for an overall improved process.
Use additional evidence to better classify risk profile and facilitate the addition of a preferred-SI class, substandard-SI class (or both) to improve mortality and higher placement rates.
Triage wet underwriting
Medical test requirements based on mortality risk are significantly enhanced using credit data and can help waive tests for low-risk and reduce requirements for medium-risk clients.
A credit-based score predictive of mortality can help grow your existing portfolio, reduce quote times and improve decisions.
More targeted marketing
Market to specific consumers by removing those with scores outside campaign parameters. Identify opportunities to upsell a higher sum insured to those with lower scores and cross-sell life policies to funeral policyholders.
Segmented medical tests
Assign medical test requirements based on mortality risk associated with: low-risk clients where medical tests can be waived, medium-risk clients where medical test requirements can be reduced and where high-risk clients can continue with medicals as currently required.
Improving insurance through enhanced data applications.