DigitalOwl and ExamOne Partner to Transform Life Insurance Underwriting

Welcome to Underwrite.In, where we are at the forefront of transforming the underwriting landscape using breakthrough Generative AI (GenAI) technology. The insurance industry is undergoing rapid change, with traditional underwriting practices being pushed to their limits. Complex regulatory frameworks, manual risk assessment processes, and operational inefficiencies are making it increasingly difficult for underwriters to keep up with the pace of today’s market demands.

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DigitalOwl and ExamOne Partner to Transform Life Insurance Underwriting

DigitalOwl, a leader in advanced AI solutions for the life insurance and legal sectors, has announced a strategic partnership with ExamOne to enhance client services across the United States.

This collaboration aims to improve the efficiency and accuracy of medical record retrieval and analysis by integrating DigitalOwl’s cutting-edge AI technology into ExamOne’s services. The partnership is set to streamline workflows, minimize manual processing times, and deliver faster, more accurate results.

DigitalOwl’s flagship product, View, utilizes Generative AI to help insurance and legal professionals analyze medical records more efficiently. The tool reduces manual review times by up to 70%, allowing organizations to optimize resource allocation, boost operational capacity, and provide higher-quality services.

ExamOne, a leading provider of risk assessment solutions for the life insurance industry, offers a comprehensive suite of services, including lab testing, medical records retrieval, tele-interviewing, and digital tools to simplify the underwriting process. With its extensive network of paramedical examiners and robust data analytics capabilities, ExamOne delivers timely insights to support better decision-making for insurers.

By combining DigitalOwl’s innovative AI-driven technology with ExamOne’s expertise in records retrieval, the partnership promises a seamless and more efficient medical records process for clients in the insurance and legal sectors. Users of the integrated services can anticipate faster workflows, improved accuracy, and a more user-friendly experience.

Yuval Man, Co-Founder and CEO of DigitalOwl, highlighted the significance of the partnership, stating, "This collaboration with ExamOne marks a major step forward in delivering efficient and accurate solutions to make our clients’ work easier."

This alliance underscores the shared dedication of both companies to advancing innovation, optimizing processes, and enhancing client experiences in their respective fields.

Nottingham Building Society Introduces Automated Underwriting Technology

Nottingham Building Society has adopted auto-assisted underwriting technology to enhance decision-making and improve customer service. The society has integrated LendingMetrics’ Auto Decision Platform (ADP), a SaaS solution that automates credit reference checks, anti-money laundering (AML) processes, and affordability assessments in real-time. This technology allows the society to deliver instant decisions to mortgage introducers, freeing its underwriting team to concentrate on more complex cases. Additionally, the system will facilitate the development of new lending propositions, including tailored options for borrowers who don’t meet standard criteria.

Despite the automation, Nottingham Building Society retains complete control over its credit policies and operational changes using the ADP Editor interface. The decision to implement LendingMetrics’ platform followed a thorough tender process that included multiple workshops.

David Wylie, commercial director at LendingMetrics, expressed his enthusiasm for the partnership, stating, “We are thrilled to have been selected by Nottingham Building Society after its detailed evaluation of various auto underwriting platforms. ADP proved to be the ideal solution. Working with the society has been a pleasure, and we look forward to helping them optimize their decision-making processes further.”

Simon Baum, chief risk officer at Nottingham Building Society, described the adoption of ADP as a “transformative step” for the organization.

“With the ADP platform, we’re improving service for brokers by providing instant responses that help them better support their clients,” Baum said. “For our customers, this means a more seamless and inclusive experience, especially for those with unique financial needs. This innovation reflects our dedication to making homeownership more accessible.”

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