Darren Lee: What could facial recognition do for underwriting?

“The future will likely be placed in the hands of technology”

clock • 4 min read

Darren Lee, head of underwriting and claims at John Lamb Hill Oldridge, examines how the latest facial recognition technology could revolutionise insurance underwriting and prioritise client wellness.

If you took a brief glance at a life insurance application from 1850, it would be enough to prove that the underwriting process has remained largely unchanged for nearly 200 years. Trials of the latest facial recognition software suggest that science could soon pave the way for a revolution in the industry. One with technology and client wellness at its core. A client applying for life insurance currently, whether via a broker or online, is required to answer a seemingly unending list of questions (the applications of yesteryear were succinct in comparison). Underwriters need in-de...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Underwriting

Royal London updates cancer underwriting

Royal London updates cancer underwriting

Focus on inclusivity

Cameron Roberts
clock 29 July 2024 • 2 min read
Best Insurance launches AI underwriting solution

Best Insurance launches AI underwriting solution

Targets accident, sickness and unemployment market

Jaskeet Briah
clock 14 June 2024 • 2 min read
Swiss Re extends underwriting partnership with Appian

Swiss Re extends underwriting partnership with Appian

Automated underwriting process

Jaskeet Briah
clock 05 June 2024 • 2 min read