Introduction Munich Re Life US underwriters, in partnership with Clareto, a Munich Re company, have been working extensively with electronic health records (EHRs) for several years. Their ability to leverage EHRs for risk assessment has grown significantly with this experience. This led them to think anew about the efficacy of EHRs across multiple underwriting use…
Introduction Through decades of experience in healthcare — dating back to our predecessor, MedVirginia HIE — we have realized several fundamental truths about interoperability: These learnings have informed the development of key building blocks for our platform — including Smart Retrieval — which ensure that our EHR+ network is fit-for-purpose for life insurance underwriting today…
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…
Forward At Clareto, we’re receiving a growing number of inquiries from colleagues, clients, and partners regarding new health IT buzzwords like TEFCA and QHINs. And if you’re reading this, you’ve likely already been promised that these acronyms are going to solve all your digital health data needs. When it comes to interoperability, it can be…