2024 Life Insurance Mortality Risk Management Study shares critical new insights for insurers to improve decision making and enhance automated life applicant reviews, particularly for traditionally high-risk populations with better-than-average mortality risk
ATLANTA, Aug. 15, 2024 /PRNewswire/ -- LexisNexis® Risk Solutions today announced its 2024 Life Insurance Mortality Risk Management Study which reveals new insights on how the integration of medical and non-medical data can significantly enhance the underwriting process for life insurance carriers and improve the application experience for applicants. This new study demonstrates that by analyzing electronic medical data in conjunction with non-medical data, such as public records, driving history, and insurance-focused credit attributes, carriers can better segment applicants and identify new opportunities for accelerated underwriting.
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