The Treasure Chest of Data
R&D for mortality or morbidity takes a ton of data. Many carriers have found solutions to digitize past applications, labs or Rx data, but the missing puzzle piece has always been the ability to digitize prior APSs. With most of the key data on substandard impairments locked up in PDF’s, the ability to analyze your inforce block has been limited…
DigitalOwl’s DMMS helps provide the APS missing piece of the puzzle!
Our flagship product - Digital Underwriting Abstract (DUA) - provides Underwriters with a 360-degree view of an applicant’s entire medical records: traditional APSs, EMR and other requirements such as labs, Rx and medical claims. The file is shared as a Smart PDF and as structured data to feed rules engines or predictive models. The same technology can be used to provide structured data on files underwritten 10, 15 or even 20 years ago.
Provide DigitalOwl with historical APS PDFs to mine inforce block for data.
We produce our DUA as the resulting data file.
You can use the files in the original digitized format or run it through our rules engine, allowing you to layer on an underwriting assessment with debits and credits.
WE PROVIDE YOU WITH A FULL DIGITIZED FILE, INCLUDING:
Key impairments and co-morbid conditions
All medications, diagnostic/lab tests, procedures & symptoms
Ancillary factors such as social interaction, alcohol/tobacco/drug use or indications of frailty/decline
What will you do with the data?
Build more effective mortality models
Find niches where you can gain competitive advantage on substandard impairments; or conversely where you’re not charging enough
Evaluate mortality of an inforce block
Evaluate reserves for accelerated or simplified underwriting products