Underwriting Assistance with AI

Challenges
Solution
Why LogicPlum

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Challenges

Underwriting customers who have survived illnesses, such as cancer, require a costly medical assessment. Thus, most life insurance firms prefer to avoid the process.

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Opportunity

With LogicPlum, a life insurance company can quickly identify customers with low-risk conditions by using medical records and other factors. With this information, the insurer can underwrite them without costly medical examinations, resulting in lower costs and increased customer base.

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Why LogicPlum

LogicPlum can classify customers according to risk levels by automatically analyzing significant amounts of data, detecting those with potential high-risk conditions that may require a specific medical examination.