UnderwriteMe's Underwriting Rules Engine has been chosen by insurers in Australia and Asia, along with a second partnership in Ireland.
The engine will be at the core of digital transformation for Dublin based Friends First, Singapore Life, a new entrant to the Asian market, and Australian insurer MLC Life Insurance. Singapore Life, MLC Life Insurance and Friends First believe the technology will "modernise underwriting for their firms, by reducing complexities in the purchase journey and offering an efficient, transparent and flexible process." For MLC Life Insurance, testing has indicated that UnderwriteMe will double straight-through acceptance rates, insuring customers without the need for onerous manual underwrit...
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