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Health Vectors - Version Health CIBYL -Insurance Underwriting Solution
Health CIBYL is designed to enhance the efficiency of insurance underwriting by leveraging comprehensive health data analytics. It evaluates past, present, and potential future health metrics to determine exposure for insurance companies. Using proprietary algorithms, Health CIBYL generates a score that integrates into AI-driven underwriting logic, allowing for streamlined decision-making processes. It processes data provided by insurers in CSV/Excel format or through API, ensuring privacy and confidentiality. Health Vectors' analytics engine simplifies complex health data, aiding in the prediction of chronic conditions and contributing to improved underwriting and risk management. With a foundation of authentic science enriched by healthcare expertise, Health Vectors' solution is trusted globally. The system has been tested on over a million cases and validated by numerous healthcare professionals, making it a robust tool for the insurance industry.
- De-risk your Life & Health underwriting with Health CIBYL, generated real-time
- Tailor insurance premiums using real-time data/health insights
- Increase your bottom line with more efficient, accurate and bias-free policy issuance
- Reduce claims by helping your customers manage health risks through prediction and prevention
- Cross-sell and up-sell insurance products through data insight
- Health CIBYL (Continuous Improvement & Betterment of Your Lifestyle) is an AI-driven system for life and health underwriting automation for insurance providers
- Utilizes heuristic models to comprehensively assess an individual's health
- Generates a Health CIBYL score on a scale from 0 (poor) to 1000 (excellent)
- The score reflects the influence of current, past, and future health of the individual
- Mirrors a doctor's / underwriter's decision-making process in evaluating individual policy decisions
- Precision of the system improves with the availability of more health data
- Future plans include integrating incidental parameters (indicated below) for a more holistic assessment
Current Health + Past Health
- Clinical Parameters
- Personal Health Data
- Current Med.Conditions
- Past Med.Conditions
Future Health (Predictive)
Risk of Future Diseases
Current Focus on
- Diabetes
- Hypertension
- CVD (Heart attack & Stroke)
Incidentals
- Accidents
- Unplanned Hospitalizations
- Demography & Location-Based Exposure
- Hobbies
- Social Media Scrubbing