Nationwide has forged a partnership with DigitalOwl to leverage its cutting-edge platform, which transforms the analysis of medical data for a streamlined and accurate underwriting process.
DigitalOwl’s AI-powered platform facilitates the efficient processing and analysis of extensive medical records, encompassing both traditional and electronic health records. Tailored for life underwriters, this solution simplifies the navigation of complex and voluminous medical documents by extracting and organizing critical information. By doing so, underwriters can thoroughly assess the holistic view of an applicant’s medical history, enabling faster and more informed decisions.
Using contemporary artificial intelligence and generative text technologies enhances the underwriting process, enabling underwriters to concentrate on vital medical information rather than manual and administrative tasks. Moreover, this paves the way for future technical innovations, including the integration of chat functionality directly within medical records.
“By partnering with DigitalOwl, Nationwide is bringing in an engaging AI technology for our underwriters that ultimately benefits our potential members,” said Erin McClintock, Director of Underwriting Innovation for Nationwide’s Life insurance business.
She continued: “This partnership perfectly aligns with our commitment to digitalization, automation and the use of generative AI in the life underwriting process.”
“We are excited to partner with Nationwide,” said Yuval Man, Co-Founder and CEO at DigitalOwl. “By adopting DigitalOwl’s innovative technology, Nationwide is not only stepping boldly into the future of AI but doing so responsibly.”
He added: “We’re proud to support them in this journey, ensuring that their move towards advanced technology is both strategic and sustainable.”
