Life & Annuities
Empower your life and annuities business with AI-driven insights and automation. Streamline underwriting, enhance policy administration, and deliver a superior customer experience.
18.6%
Increase in Annuity Premiums
YoY growth in net annuity considerations.
$365B
Annual Annuity Premiums
Total net premiums for annuity considerations.
35%
Faster Claims Processing
AI-powered automation reduces processing times.
20%
Improved Underwriting Accuracy
Data-driven insights for better risk assessment.
Knowledge Domains
Policy Administration
- New business processing
- Policy issuance and servicing
- Beneficiary management
- Regulatory compliance
Underwriting & Risk
- Automated risk assessment
- Mortality and morbidity analysis
- Predictive modeling
- Fraud detection
Claims Processing
- Automated claims intake
- Eligibility verification
- Benefit calculation
- Payment processing
Real-World Examples
What is the risk profile for a 55-year-old male with a history of hypertension applying for a whole life policy?
Based on the applicant's medical history and our underwriting guidelines, the risk profile is moderate. I recommend a 15% premium adjustment. [Source: Underwriting Manual, Section 5.2]
A policyholder has submitted a claim for a critical illness. Can you verify their eligibility and calculate the benefit payout?
The policyholder is eligible for a critical illness benefit of $150,000. The claim has been processed and payment will be issued within 3 business days. [Source: Policy #12345, Critical Illness Rider]
A customer wants to know the current cash value of their variable annuity. Can you provide the details?
The current cash value of the customer's variable annuity is $252,873.45. The account has seen a 7.2% return year-to-date. [Source: Annuity Account #67890]
Key Benefits
Enhanced Efficiency
Automate manual tasks in underwriting, policy administration, and claims processing to reduce operational costs and improve turnaround times.
Improved Customer Experience
Provide faster, more accurate responses to customer inquiries and deliver a seamless digital experience throughout the policy lifecycle.
Smarter Risk Management
Leverage AI-powered analytics to improve underwriting accuracy, detect fraud, and make more informed risk management decisions.
Accelerated Product Innovation
Utilize data-driven insights to develop and launch new life and annuity products that meet evolving customer needs and market demands.