Life and health reinsurer, Reinsurance Group America, has made its Digital Health Data Risk Scoring service available to US life insurers.
The service evaluates structured electronic medical record and medical claims data and provides an underwriting risk score for integration within a carriers underwriting system.
“Electronic medical records and claims data are made up of literally hundreds of thousands of medical codes, which, up until now, has made applying this data to risk assessment prohibitively slow and complex for carriers,” said Dianne Schuetz, Vice President, Business Initiatives, RGA.
“RGA started dedicating resources to solve this industry challenge over a decade ago, recognizing that this data would revolutionize the underwriting process.”
“RGA’s deep expertise in medical underwriting, data analytics, and digital risk assessment has enabled us to build a robust platform from the ground up,” Schuetz added.
“Our DHD solution is designed for efficiency, transcending just the aggregation of electronic medical records and claims data, to provide interpretation, translation, and consistency for underwriters.”
