• Contact us
      • Contact Us
      Have a question?
      Try speaking to one of our experts
      Contact us
      Information
      • Careers
      • Privacy Notice
      • Cookie Notice
      • Terms of Use
      • Office Locations
      Sign up for industry updates
      Stay up to date on Celent's latest features and releases.
      Sign up
      • Privacy Notice
      • Cookie Notice
      • Manage Cookies
      • Terms of Use

      News

      SNL Insurance Daily: Electronic medical records, AI changing the game for life insurers

      11 April 2019
      //SNL Insurance Daily: Electronic medical records, AI changing the game for life insurers

      Electronic medical records, AI changing the game for life insurers

      SNL Insurance Daily, Calvin Trice, Thursday, 11 April 2019,

      Life insurers have cut the time from application to policy issuance to 30 days from 57 since 2007, said Tom Scales, Celent LLC's head of life and health for the Americas. Access to the prescription database, and developing the medical data science to employ predictive analytics, will shorten that timeline further, Scales said during a presentation.

      Artificial intelligence will enable carriers to write policies without physicians' statements, blood draws or medical records.

      "It's the game changer in our industry," Scales said.

      Read Full Article

      Analyst mentioned
      Tom Scales
      Tom Scales
      Principal Analyst
      Information
      Geographic Focus
      Asia-Pacific, EMEA, LATAM, North America
      Industry
      Life Insurance, Property & Casualty Insurance