Lincoln Financial Aims To Slice Turnaround Times in Half

Seeking to appeal to Generation X and millennials who value speed and convenience, Lincoln Financial has introduced a term life policy that aims for approval in as little as 20 days. That's half the time it takes to underwrite traditional term life coverage, the company said.

Life Insurance and Annuity Distribution in a Digital World: Four Strategic Shifts

The impact of digital technologies on insurance products, customer expectations and distribution networks is driving rapidly accelerating change in the insurance industry. Determining your distribution strategy in an omnichannel world requires consideration of new alternatives along with traditional channels. Insurers need new insights into familiar challenges when deciding how sales teams will evolve, how processes will adapt and how key supporting technologies will be selected. The challenge is to cut through the noise and develop innovative strategies that integrate your proven traditional distribution approaches (e.g., personal interaction, phone) with new customer demands and new technology.

LexisNexis Risk Classifier – An Effective Indicator of Mortality Risk (Munich RE)

Munich Re, US (Life) (Munich Re) assessed LexisNexis® Risk Classifier, which is a predictive modeling tool that was developed by and is proprietary to LexisNexis. LexisNexis allowed Munich Re access to the Risk Classifier in order to perform an objective review of its ability to accurately assess mortality risk using publicly available and easily obtainable non-biometric criteria.

Transforming Life Insurance with Design Thinking

Better addressing the evolving needs of consumers can help incumbents win their loyalty—and protect against new competitors.

From Insurance to Surveillance: Experts Debate Privacy in the Age of Big Data

Big Data is scary. That's the one thing that four people from very different professions agreed on during a panel at a Kenyon College political-science conference about technology's impact on privacy in the 21st century.

Eight Startups Aiming to Transform the Life Insurance Business

This is part two of research by guest author Amy Radin on the Life Insurance business. In Part 1 last week, Amy outlined the fundamental business issues behind the decline in Life Insurance and the white space opportunities this opens up for entrepreneurs. In today’s research note, Amy looks at 8 startups aiming at the white spaces.

Infographic: How Life Insurers are Using or Plan to use Big Data and Predictive Analytics

Life insurers in North America are preparing for a dramatic shift in their use of big data and predictive analytics, according to a Willis Towers Watson survey. While many are just getting started, life insurers expect their use of big data and predictive analytics for decision making to soar dramatically within the next two years.

The Real Digital Health

So far in our articles we have been pretty positive about all aspects of e-health, digital health, e-medicine, wearable devices, etc, and what these will bring. And of course Gary is a pretty enthusiastic Fitbit wearer. But there are a few potential ‘trip hazards’ with underwriting significance.

SCORviews March 2016 Issue

The latest issue of Scor Global Life’s SCORviews publication includes the following articles:

- When the Term Level Ends
- Mortality Improvements in the Future
- Data Protection and the Cloud

Researchers Build Software that can predict Your Lifespan

Imagine if a computer could tell you how many days you had left.

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