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Home»Fintech»Nationwide taps Human API to speed up underwriting of life insurance
Fintech

Nationwide taps Human API to speed up underwriting of life insurance

November 16, 2022No Comments2 Mins Read
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Cion Digital names Sundar Nagarathnam COO
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Nationwide introduced at this time a partnership with Human API, a number one well being information platform, to enhance the life insurance coverage shopping for expertise by maximizing the usage of digital well being information to speed up the underwriting course of.

Human API’s Well being Intelligence Platform connects digital well being information from 1000’s of sources within the US, servicing thousands and thousands of Individuals. This platform allows Nationwide to quickly purchase client’s wealthy, digital well being information and remove the necessity to wait weeks for labs or exams. Human API and Nationwide have constructed a completely built-in course of the place solely HIPAA-compliant well being information that the applicant has agreed to launch is mechanically ordered and delivered. Utilizing digital well being information as an alternative of conventional attending doctor statements, labs, and exams throughout underwriting is very enticing to those that might have beforehand postpone shopping for life insurance coverage as a result of cumbersome course of.

“Nationwide and Human API are dedicated to a customer-centric expertise that delivers quick and clear life insurance coverage to the patron,” mentioned Lee Fluharty, Chief Underwriter for Nationwide’s life insurance coverage enterprise. “By acquiring an applicant’s medical historical past in a digital format, we begin offering worth to them earlier than a coverage is even issued within the type of a quicker, smoother course of.”

Human API believes the long run is shifting in direction of digital information and processes and shoppers anticipate these experiences.

“Our platform permits insurers to capitalize on the supply of digital medical information, utilizing this information to form their life insurance coverage utility course of right into a clean, end-to-end digital expertise for his or her shoppers, beforehand unattainable with handbook processes,” mentioned Andrei Pop, CEO of Human API. “We’re thrilled to be working with Nationwide to redefine the life insurance coverage shopping for course of for his or her shoppers.”

See also  FintechOS powers Admiral's digital pet insurance product

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API Human Insurance Life Nationwide speed taps underwriting
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