The Future of Underwriting
Elevating risk assessment for the next generation
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What's driving the future of underwriting?
At Munich Re Life US, we’re not just keeping up with the future of life insurance – we’re building it. A convergence of new data sources, digital tools, and a race to automation is reshaping underwriting to meet evolving consumer expectations. Staying ahead means aligning with medical advances and maintaining a sharp focus on mortality. We help carriers navigate this complexity and leverage the full potential of underwriting evidence across all paths to achieve mortality and cost objectives, drive growth, and ultimately, expand insurability.
True underwriting transformation requires a deeply integrated strategy that aligns forward-thinking leadership, comprehensive risk assessment knowledge, and specialized digital expertise.
Cutting-edge tools and modalities
We take a holistic approach that leverages digital data, cutting-edge medical expertise, enhanced biometric analytics, and precision-focused actuarial analysis.
Optimization across the underwriting spectrum
From accelerated to light-touch to full underwriting and post-issue monitoring, our expertise encompasses the full spectrum of automated, hybrid, and manual underwriting paths.
Insights with the outcome in mind
Our vision is to redefine underwriting—enhancing customer experience, increasing efficiency, cutting evidence costs, and enabling fully underwritten mortality at scale.
Future of underwriting Q&A series
Electronic Health Records support the analytics-powered future of underwriting
An electronic health record (EHR) is a digital version of a patient’s paper chart, designed to be accessible in real time. It provides authorized users with quick and secure access to patient information, helping medical providers share data more efficiently and make better-informed decisions.
Insurers can begin to meet the demand for faster decision-making by replacing higher-cost data sources, such as blood and urine samples and attending physician statements (APS), with newer, lower-cost alternatives like EHRs.
Through our strategic partnership with MIB EHR, we are working to accelerate the adoption of electronic medical data across life insurance underwriting. This includes improving data access and developing advanced data analytics capabilities to enable automated risk assessment.
Munich Re and MIB partner to expand access to EHRs and develop advanced data analytics
Our collaboration with MIB will allow both organizations to provide our clients with an entire set of new solutions to assist them in digitalizing their underwriting processes and delivering value across the insurance value chain. The result will drive quicker decisions and greater customer satisfaction that enables both new business growth and improved protective value.
We at MIB look forward to expanding our relationships and data sources to advance our capabilities as the life insurance industry’s one-stop-shop not just for medical records, but for all types of data needed for underwriting. In addition, we are also excited to align with Munich Re for broad data analytic capabilities tied to electronic health records to streamline underwriting processes for our members.
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