Pre-existing medical conditions can make it difficult for workers to find insurance coverage to protect their monthly income if they cannot work due to illness. But insurers are potentially losing out by excluding customers who otherwise present manageable risks. What if you could expand your market and make cover decisions easier with precise and reliable underwriting data?
Verisk’s Income Protection Black Box automates the medical risk assessment process and helps quantify the risk of an insured being unable to work based on their declared pre-existing medical conditions. The Income Protection Black Box can be seamlessly integrated into the sales process. Customers’ responses to simple, carefully worded questions result in a relative risk score that can be used for underwriting and pricing decisions.