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Insurers seek new technologies to make underwriting more inclusive

As fears continue to grow over AI and its ability to discriminate against minorities and other protected populations, insurers are seeking new ways to utilize technology to make policies more inclusive for underserved populations. Effective November 14th, a new regulation adopted by the Colorado Division of Insurance (CDI) prohibits life insurance companies from using external consumer data and information sources, algorithms, and predictive models to discriminate based on race. This new law comes at a...

John Hancock and Clareto Streamline Life Insurance Purchase Process

PRNewswireApril 24, 20204 min
Today, John Hancock announces a strategic collaboration with Clareto, a leader in digital solutions to acquire and aggregate electronic health data, to further improve the Company’s underwriting speed and efficiency as part of its ongoing commitment to transform the life insurance purchase experience. Clareto’s capabilities include enabling access to more than 52 million unique patient records* through a fully HIPAA-compliant integration of state and regional health information exchanges and national electronic medical record vendors. John Hancock will leverage Clareto’s growing network...

Fora Financial & Expansion Capital Group Partner With Ocrolus to Automate Underwriting Legwork

FTB News DeskOctober 9, 20188 min
Ocrolus, the emerging leader in analyzing loan documents, today announced integrations with Fora Financial and Expansion Capital Group, two of the fastest-growing online small business lenders. Enabling quicker and more precise loan decisions, Ocrolus has seen rapid adoption since its debut in the small business lending world with flagship customer Strategic Funding Source in May 2017. Following its Series A round highlighted by QED Investors, Ocrolus is quickly growing its customer base and team with laser-focus on the lending...
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