The Income Protection Black Box provides sellers of income protection (IP) with an efficient way of accurately underwriting increased risk presented by customers with preexisting medical conditions. The medical assessment is seamlessly incorporated within the wider sales process. Easily integrated into existing sales processes - whether on-line, through a contact-centre or via brokers - the IP Black Box provides an automated medical risk assessment.
The IP Black Box contains more than 2,000 medical conditions with carefully constructed question sets designed to identify aspects of disease significant to insurers. The output from the Black Box is a numerical indicator of additional risk in relation to inability to work presented by customers with medical conditions.