Life Happens, NAIFA’s consumer-education arm, has collaborated for the 14th year with LIMRA to conduct the 2024 Insurance Barometer Study. The findings reveal a great opportunity for financial professionals to educate Americans about the importance of life insurance and dispel some of the myths and misunderstandings that contribute to a life insurance need-gap in the United States. As we wrap up April, National Financial Literacy Month, it’s a great time to remember that an important part of being a financial professional involves improving the financial literacy of client ..read more

In exploring the current landscape of life insurance technology, my focus is squarely on the present, sidestepping both a reevaluation of the past year and speculative forecasts.    Two domains are witnessing remarkable growth right now. First, the realm of underwriting is experiencing a significant transformation. Second, digital point-of-sale platforms are revolutionizing the way agents and consumers interact, streamlining the purchasing process like never before. Here, the integration of artificial intelligence and big data stands out as a pivotal force, driving efficiency and pre ..read more

Illustrations with Impact helps financial professionals show clients how a policy could help them   MINNEAPOLIS – April 16, 2024 – Financial professionals who sell life insurance policies for Allianz Life Insurance Company of North America (Allianz Life) can now use a new tool to create customized, interactive policy proposals.   The tool, Illustrations with Impact, powered by the EnsightTM technology platform, helps financial professionals create strong proposals for their clients.   Designed to accompany and expand on a policy proposal, Illustrations with Impact cr ..read more

In the current global scenario, where digitalization permeates all aspects of modern life, the insurance sector is no exception. In a recent interview conducted in Madrid, Samplemed spoke with Dr. Ana Villanueva, Chief Medical Officer of MAPFRE Re, about the challenges and opportunities in the sector for 2024 and beyond. Of note, Dr. Villanueva mentions the dynamic and exciting nature of the insurance market, often underestimated.   “I am aware that people may think that working with insurance is not interesting, but in fact, it is, and we are facing new challenges from different perspect ..read more

Swiss Re launches an augmented version of its market-leading underwriting manual, Life Guide The new version comes equipped with Swiss Re Life Guide Scout, a Generative AI-powered underwriting assistant that aims to help increase efficiency and quality of underwriting   Zurich, 22 April 2024 – Swiss Re launches an augmented version of its Life & Health underwriting manual Life Guide. The new version comes equipped with Swiss Re Life Guide Scout, a Generative AI-powered underwriting assistant, developed by Swiss Re, that integrates Microsoft Azure OpenAI Service. Swiss Re Life Guide ..read more

IntegrateAI addresses growing market demand for a single, integrated business application that leverages machine learning models in decision management Rochelle Park, NJ, April 18, 2024 — Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced the launch of IntegrateAI, the newest capability from Sapiens Decision, integrating machine learning models into the business-friendly decision model workbench. Sapiens Decision users can integrate machine learning models as another component of ..read more

Samplemed is pleased to announce its nomination as a finalist in the SEAL Awards during the 10th edition of the Insurance World Challenges, a renowned event in Europe aimed at recognizing highlights in the insurance market worldwide. Competing with the innovative s.360, they are proud to be internationally recognized for its contribution to the insurance market. Samplemed, which has been providing integrated solutions for over 35 years, making risk analysis and subscription smarter in Brazil and around the world, has been selected as a finalist in two prominent categories, including the Specia ..read more

“The strategic outcome of PAS modernization should be to achieve a transformation‒in order to become digital, flexible and faster to market. But that transformation just hasn’t happened until the lights are turned off on your legacy systems for good. And that means migrating your legacy data off those old platforms.”   What are the Benefits of PAS modernization?   Celent’s “Using Artificial Intelligence to De-risk Life Insurance Conversions – A ‘Conversion Service Provider’ View” report highlighted that the drivers for Policy Administration System modernization have been evolving. In ..read more

The Convergence of Technology and Medical Underwriting for Life and Health Insurance   With the necessary medical knowledge and 35 years of experience in the market, Samplemed has written its own Underwriting Manual aiming for a more dynamic, clear, and user-friendly solution focused on the underwriter. A dynamic solution for a complex problem.   In the context of insurance medical analysis — especially Life and Health insurance — various sources of data and information are interconnected in a complex network. As technology seeks to streamline processes, its goal is not to repla ..read more

By Emtech Group Inc Today’s business world is fiercely competitive, and every company wants a piece of the pie. This holds true for the insurance industry as well. Rapid product rollout has become a necessity rather than an aspiration for life and annuity Insurers to remain competitive in the insurance business. However, rapid product rollout depends heavily on technology to reduce product development and testing times. In this blog post, we will explore the importance of increasing speed to market in the insurance industry, the roadblocks to increasing speed to market, and how Emtech QMT enab ..read more