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Electronic Health Records

Reshaping the risk paradigm

Using electronic health records to facilitate superior risk assessment

Market growth and customer expectations continue to drive the need for faster decision-making throughout the insurance industry. Insurers can begin to address this need by replacing high-cost data sources such as blood and urine samples and attending physician statements (APS) with newer, lower-cost sources such as electronic health records (EHRs).

An EHR is a real-time, patient-centered record available quickly and securely to authorized users and designed to improve information sharing between medical providers. Simply put, an electronic health record is a digital version of a patient’s paper records. EHRs are positioned to create widespread value across the insurance industry by helping to facilitate superior risk assessment. 

Using electronic health records to facilitate superior risk assessment
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Munich Re Life US, and our colleagues at Clareto, are developing insights and solutions to help the life and disability insurance industry navigate the current electronic health record landscape.

Munich Re Life US and Clareto to accelerate use of electronic health records

In April 2022, Munich Re Life US acquired Clareto, a leading medical record retrieval company for the life insurance industry. Clareto has extensive access to electronic health records through its partnership with more than 25 Health Information Exchanges (HIEs) and electronic health record software vendors. 
Tim Morant
By combining the expertise of Munich Re Life US and Clareto, we will provide our clients with an entire set of new solutions to assist them in digitizing their underwriting processes and delivering value across the insurance value chain. The result will drive quicker decisions and greater customer satisfaction that enables new business growth.
Tim Morant
Munich Re Life US
Chief Risk Assessment Officer
Leveraging our underwriting, medical and analytical expertise, Munich Re Life US is working with Clareto’s multi-disciplinary team to make it possible to replace time-consuming methods of obtaining applicant health information with newer digital records. Our goal is to create a comprehensive, all-in-one solution that addresses the gap between access to medical records and using them effectively across the life and disability industries.
Dave Dorans
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As the availability of EHR data grows, we see a significant opportunity to combine Munich Re Life US’s capital strength and risk expertise with Clareto’s access to health data to provide the life insurance industry with a comprehensive, all-in-one solution.
Dave Dorans

A holistic view of electronic health records

A modern solution for a modern challenge
Electronic health records have the richest electronic medical data and are available in real time, making them a sound replacement for traditional, hard-to-access data sources.
Creating widespread value through superior risk assessment
With electronic health records, carriers get a comprehensive medical risk profile they can leverage to evaluate an applicant’s health and issue an insurance policy while customers experience a better buying journey.
Delivering intelligent, digital solutions
Munich Re Life US and Clareto are leveraging our combined capabilities to develop cutting-edge risk models, scores and tools that will enable optimum use of electronic health records at scale.
The future of risk assessment
We foresee greater use of electronic health records for automated, quicker, and more accurate decision-making, as well as claim adjudication, scoring of employer groups, and in-force management.

Podcast: Embracing the World of Electronic Health Records

Listen to our introductory podcast on EHRs and stay tuned for more episodes!

Medical technology concept. Remote medicine. Electronic medical record.
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About Munich Re Life US

As a leader in the reinsurance market, Munich Re Life US’s expertise expands from market-leading offerings that include individual life and living benefits reinsurance, group reinsurance and financial reinsurance, to predictive analytics, digital partnerships, and standard-setting underwriting and medical capabilities.

We believe that the digital economy offers an unprecedented opportunity for the industry to rapidly advance risk assessment and close the widening global underinsured gap.

Learn more about our insights and innovations.