StoneRiver, Inc. and SCOR Global Life Americas Solution to Accelerate Underwriting Cases for Simplified Issue Life
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The solution integrates Velogica®, SCOR's automated underwriting engine, and LifeSuite® Results Manager,
As part of this strategic alliance,
Velogica's underwriting engine interprets details from multiple sources – MVR, MIB reports and prescription drug histories – and correlates the data with information collected on the application. Velogica's complex algorithm enables an underwriting recommendation in real time. In 95 percent of all cases, Velogica has made an underwriting recommendation without the involvement of an underwriter, and 90 percent of the time, it delivered the result in under a minute.
By combining Velogica and LifeSuite Results Manager, carriers can now quickly implement a single, cost effective and comprehensive solution for middle market life insurance business.
SCOR and
While companies still can purchase Velogica and the LifeSuite Underwriting System independently, the collaborative solution can lower costs and integration efforts for life insurers who want to enter or expand their participation in the middle market.
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About SCOR Global Life Americas
SCOR Global Life Americas, headquartered in
SCOR Global Life Americas is part of the
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