AIG Life overhauls underwriting rules engine with 50+ changes

Built around Consumer Duty principles

Laura Miller
clock • 4 min read

AIG Life has unveiled a new underwriting rules engine (URE) and enhanced intermediated underwriting journey with more than 50 improvements.

Both are built around the Financial Conduct Authority's Consumer Duty principles, with the aim of helping even more people to get, and understand, the protection insurance they are buying. According to the group, the URE has a more modern look, improved technology and simpler questions, designed to make it easier for people to apply for insurance and give the right information. Customers will then receive faster decisions.  The new rules engine is built using Swiss Re's Magnum Pure technology and allows the insurer's development underwriting team to make underwriting rule changes easi...

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