Earlier this year, American ICMIF member SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) announced it had partnered with global reinsurer Swiss Re, one of ICMIF’s Supporting Members, to empower its life underwriters with Swiss Re’s Underwriting Ease solution, a state-of-the-art digital tool that summarises key aspects of risks to underwriters, accelerating decisioning beyond automation.
“Swiss Re’s Underwriting Ease puts actionable information at the underwriters’ fingertips,” said Jim Morgan, President and Chief Executive Officer of SBLI. “This streamlined view enables faster risk decision-making, adding efficiencies and improving the overall experience. Including this innovative platform to add tangible business value to SBLI’s underwriting process is aligned with our strategic mission.”
Neil Sprackling, President and CEO of US Life and Health at Swiss Re said, “We are delighted to deepen our existing relationship with SBLI with the implementation of Underwriting Ease. Swiss Re’s mission is to make the world more resilient, and this partnership delivers on that through the development of innovative tools that enhance the underwriting experience for our clients.”
Driving the data strategy forward with Underwriting Ease
Swiss Re says Underwriting Ease seamlessly integrates into existing underwriting workflows and connects with its Life Guide system (or other underwriting manuals). Designed by underwriters for underwriters, the reinsurer says it facilitates end-to-end digitisation while preserving core underwriting principles.
“Swiss Re’s Underwriting Ease solution provides a powerful, data-driven approach that streamlines risk assessment and accelerates decision-making,” said Brian O’Connell, Chief Underwriter at SBLI. “By summarising key aspects of risks in a user-friendly interface, it empowers underwriters to make faster, more informed decisions—going beyond mere automation to truly enhance the underwriting process. This solution not only saves time but also ensures a more accurate, consistent approach to managing risk, which is crucial in today’s fast-paced insurance landscape.”
“Providing a holistic risk picture view has helped optimise manual underwriting efforts by upwards of 50%. We are excited for our valued partners to unlock the full potential of underwriting data,” said Nanditha Nandy, Head of Data-Driven Underwriting Solutions at Swiss Re.
