Automated Underwriting: A Survey Of Life Insurer Experience

Life insurers looking to reach the elusive middle market must limit costs and deliver products efficiently. Generations X and Y will demand access to insurance on their own schedule, and won't tolerate the slow, invasive underwriting process of yesterday. Or so the advocates of automated underwriting would tell you. In fact, for these and other reasons, many life insurance companies continuously seek to streamline the underwriting process while preserving its protective value. Automated underwriting systems are often touted as the solution. Although these systems have been around for some time, not much is known about the industry's experience with them. (Article from the SOA's Marketing and Distribution Section January 2010 newsletter.

http://www.soa.org/library/newsletters/newsdirect/2010/january/ndn-2010-...