VIDEO
    REPORT
    First National Bank: Dynamic Life Insurance in Concert with your Home Loan
    Winner of Celent Model Insurer 2021 Award for Innovation Execution
    11th March 2021

    As a bancassurer, First National Bank has created a proposition that combines data from its banking and insurance divisions to deliver more dynamic life protection cover for homeowners, with a term assurance that automatically adjusts its cover based on the remaining debt in the home loan. As policyholders either borrow from their home equity for home improvements or accelerate paying off the home loan, the cover and monthly premium automatically adjust to ensure the outstanding debt is covered. Within this Model Insurer case study, the proposition approach and technology solutions will be discussed at a high level.

    Author
    Jamie Macgregor
    Jamie Macgregor
    Global Head of Celent, part of GlobalData