SCOR partners with Verisk to help streamline life underwriting process

French reinsurer SCOR has partnered with insurance data analytics provider Verisk to develop a new tool to help life insurers fast track applications, by using data from consumer-authorised electronic health records (EHRs).

The EHR Triage Engine is designed to streamline the underwriting workflow – reducing decision time from weeks to minutes.

The tool bypasses manual workflows, leveraging advanced predictive analytics and automation to digitally ingest and analyse EHRs.

“Our team collaborated with Verisk to help expediate the development and introduction of this new innovative solution within the U.S. to leverage advanced predictive analytics and automation to digitally ingest and analyze EHRs, during a knowledge-share and validation process,” said Richard De Sousa, senior vice president of strategic partnerships – SCOR Global Life US. “This partnership is one of several broader initiatives that SCOR is managing to support U.S. Life market insurers in their digital underwriting transformation.”