Today’s travel health insurance customers expect a quick purchase and full coverage of their healthcare needs overseas. But coverage traditionally has excluded pre-existing medical conditions, leading to complex, adversarial, and drawn-out claim processes. How can you efficiently underwrite travel insurance for these conditions?
The Verisk Health Risk Rating Tool helps you automate medical risk assessment and underwrite inclusively for your travel insurance customers, including those with pre-existing conditions.
The Travel Risk Rating Tool automates the assessment of customers’ pre-existing medical conditions with a full view of medical risk. The tool integrates seamlessly with your sales, and customers answer simple, focused questions to reach a relative risk score that can be used for underwriting and pricing.
When you use the Ratings Engine to enhance the Travel Risk Rating Tool, you can embed your own underwriting rules into the platform, providing real-time cover decisions to end users and creating a robust use case for brokers and other insurance intermediaries.