Life & Health

Due to advances in AI, properly built algorithms using approved data sources can produce accurate life insurance quotes in only five minutes.

Personalized medicine and targeted therapies are becoming a reality, thanks to AI's ability to analyze vast amounts of genetic and molecular data.

In this month's ITL Focus, we look at how a generational transfer of wealth will transform life insurance and at how to align incentives in health insurance. 

ITL FOCUS is a monthly initiative featuring topics related to innovation in risk management and insurance.

With insurers having to deal with increasingly complex challenges and opportunities, chief risk officers will take on wider strategic role.

Here is a personal perspective on how we can know healthcare costs before they are incurred.

Consider that just 43% of healthcare expenses have been traced to services that may have been shopped for by a motivated employee.

Manual processes, a lack of centralized data and ineffective commissions processes consume valuable time and introduce risks for human error.