Munich Re Life US launches new digital resolution for digital well being information

Munich Re Life US, in partnership with Clareto, has unveiled a brand new digital software named Automated EHR Summarizer, designed to streamline the evaluation of digital well being information (EHR).

The software gives two distinct outputs: a user-friendly, human-readable HTML report and structured digital information for integration with numerous guidelines, fashions, and analytics platforms.

In a information launch, the reinsurer explains that this new software can also be engineered to extract and normalize EHR information from its authentic sources, highlighting vital data for underwriters and offering triage steering.

Munich Re Life US additionally notes that the software is about to scale back the time-consuming technique of handbook EHR assessment, providing a extra environment friendly and exact strategy to assessing well being projections for accelerated underwriting packages. The software can also be appropriate for post-issue audits and light-touch underwriting situations.

June Quah, vice chairman of built-in analytics at Munich Re North America Life, highlighted the capabilities of the brand new software and the position it’ll play in serving to life insurance coverage carriers additional align with buyer expectations.

“This product leverages our management in danger evaluation, technical experience in information analytics — together with synthetic intelligence and pure language processing methods – and entry to an unparalleled EHR community to push the boundaries of digital transformation within the business,” Quah stated.

Dave Dorans, CEO of Clareto, additionally emphasised the broader business implications of the brand new product.

“We consider this product will speed up the adoption of EHRs and additional streamline underwriting, benefiting each clients and carriers. With EHRs changing extra onerous and dear information sources, and Automated EHR Summarizer simplifying their use, we’re bridging the hole between entry to digital medical information and their sensible use within the business,” Dorans stated.

What are your ideas on this story? Please be at liberty to share your feedback under.