Munich Re Life US assessed the potential value of Electronic Health Records (EHRs) under various assumptions by performing a cost-benefit analysis on a sample of two hundred life insurance applications for which EHRs were ordered post-issue. The mortality savings from using EHR data, had it been used in the risk selection, was compared to the…
Highlights Key Findings Growth in EHR Adoption Since 2018, EHRs have been a strategic priority for a large and growing percentage of life insurance companies, a majority of which have transitioned from evaluation to some level of production use over the past few years. Currently, 93% of life insurance companies surveyed are using (61%) or…
The ongoing disruptions caused by COVID-19 – including difficulties in obtaining paramedical exams and traditional APS reports- has accelerated the already active trend towards insurers exploring the use of electronic health data. Many companies are far down the path of researching these tools or have implemented them in production. For those newer to digital health…