Nationwide plans to streamline the life insurance underwriting process through a groundbreaking new partnership with DigitalOwl.
The partnership aims to leverage DigitalOwl’s advanced platform that transforms medical data into meaningful summaries. This initiative aims to enhance Nationwide’s underwriting process and ensure a better, faster and more accurate review of applicants’ medical histories.
Through this partnership, Nationwide aims to bring compelling AI technology to underwriters and ultimately benefit potential members.
DigitalOwl’s adoption of innovative technology aligns perfectly with Nationwide’s commitment to digitization, automation, and the use of generative AI in the life underwriting process.
This partnership will enhance the underwriting experience by leveraging the latest artificial intelligence and generated text technology, allowing underwriters to focus on critical medical data rather than manual and administrative tasks.
Additionally, it lays the foundation for further technological advancements, such as chat functionality within medical records.
“We’re excited to partner with Nationwide’s Life Insurance Business,” said Erin McClintock, director of underwriting innovation for Nationwide’s life insurance business. This partnership is perfectly aligned with our commitment to digitization, automation, and the use of generative AI in the life underwriting process. ”
Yuval Mann, co-founder and CEO of DigitalOwl, added: By adopting DigitalOwl’s innovative technology, Nationwide is not only stepping boldly into the future of AI, but doing so responsibly. We are proud to support them on this journey and ensure that their transition to advanced technology is strategic and sustainable. ”
Get all the latest FinTech news here
Copyright © 2024 Fintech Global
Investor
The following investors are tagged in this article: