Global reinsurance leader Gen Re and multinational technology firm CME have partnered in a bid to launch a fully digital underwriting solution for the life insurance industry across the MENA and East Mediterranean regions.
The collaboration has resulted in the development of a software application specifically designed for primary insurers.
Utilising state-of-the-art technology, this sophisticated tool performs a comprehensive assessment of an individual’s health, lifestyle, and occupation.
It seamlessly integrates advanced InsurTech tools, such as artificial intelligence (AI), to swiftly generate invaluable health insights. Additionally, it incorporates PPG technology with advanced algorithms, enabling the analysis of vital signs and remote health parameters.
This inclusive and technology-driven approach enables insurers to conduct precise risk profiling, subsequently enabling them to tailor policy premiums more effectively to individual needs.
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