Sammie Eastwood looks at how insurers and underwriters are adapting to better use medical and health data within underwriting processes and how this will ultimately impact on consumers.
Medical practices have shifted over the years, with new treatments and processes aimed at improving the patient experience. With this, protection insurance providers have needed to adapt and change. Causes of death or ill-health haven't changed all that drastically over the past 20 years, meaning risk-assessment processes haven't either explains Nicky Bray, chief underwriter at Zurich: "However, the use of technology has accelerated rapidly." The increased collection of data and new treatments improving life expectancies of once terminal illnesses, such a HIV, enables insurers to prov...
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