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Lack of innovation investment in the UK insurance market has been highlighted by recognition of RGA’s work in the US.
LV= has changed its underwriting rules to allow more applications to receive an immediate online decision.
Unum has completed the roll-out of its fully electronic income protection (IP) application and underwriting process that means the vast majority of cases will be processed on the spot.
Other online underwriting articles
LifeQuote has developed a decision in principle tool for the protection market to assist advisers with the process of placing difficult lives with insurers.
Aviva has reduced its not taken up (NTU) rates for protection products by a quarter over the last three years.
Not only will the needs of each and every client who needs a protection policy differ, but advisers also have to factor in the different underwriting processes of providers...
Origen Retirement Solutions, the at-retirement arm of Aegon-owned advisory firm Origen Financial Services, has introduced a new system to speed up the annuity underwriting process.
LV= has continued the market’s focus of reducing reliance on GP reports (GPRs) by slashing the number requested for its income protection (IP) applications.
Ellipse has revealed a first look for the whole market at its automated medical underwriting process which takes underwriting forms out of advisers’ hands by contacting members directly.
Westfield Health has launched a new brand and medical insurance product, Health365, in what it claims will be a significant development in the health insurance market.
Aviva has reduced the number of doctor reports requested for life insurance applications by 60%.
Unum has launched a new online underwriting system.
Aviva is introducing automatic underwriting to speed up its online annuity quote process.
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