5 Life Risktech Deals: LifeScore, MIB and More

RGA is setting up a legally separate Digital Health Data scoring service that life insurers can use to analyze the data coming from the new MIB electronic health records service, MIB says.

MIB is working, through a separate arrangement, with Tindall Associates, to help life insurers improve assessment of applicants who might be buying, or ending up, with very large amounts of coverage.

The firms are developing tools for life insurers who want to know whether some applicants could be buying much more life insurance than they need, or whether policyholders could be seeking additional policies that could put them over issuers' jumbo coverage limits.

Healthix and MedVirginia Inc.

Healthix, a public health information exchange, and MedVirginia, which does business as Clareto, have teamed up to develop systems that can help consumers share their electronic health record information with life insurance, disability insurance and long-term care insurance underwriters.

Healthix and Clareto say the systems could reduce the need for consumers and life insurers to get records through fax machines and regular mail.

The companies note that Healthix already operates in New York state, which is known for having tough data security and health information privacy rules.

GoHealth Urgent Care and Force Diagnostics

GoHealth Urgent Care and Force Diagnostics are working to help insurance applicants get underwriting exams at urgent care clinics, rather than going to traditional physician offices, or waiting at home for examiners to show up.

The companies recently started testing an urgent care clinic-based exam program in North California.

— Read 3 Life Sales Innovation Mysteries That Drive Actuaries Wild, on ThinkAdvisor.

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