Cost-Benefit Analysis: Quantifying the Value of EHRs

Munich Re Life US assessed the potential value of Electronic Health Records (EHRs) under various assumptions by performing a cost-benefit analysis on a sample of two hundred life insurance applications for which EHRs were ordered post-issue. The mortality savings from using EHR data, had it been used in the risk selection, was compared to the…

Crossing the Chasm: Rising Use of EHRs in Life Insurance Underwriting 

Highlights  Key Findings  Growth in EHR Adoption  Since 2018, EHRs have been a strategic priority for a large and growing percentage of life insurance companies, a majority of which have transitioned from evaluation to some level of production use over the past few years. Currently, 93% of life insurance companies surveyed are using (61%) or…