Life Risk Navigator

Life insurance underwriting traditionally uses industry tables and long-term trends based on historical averages. These one-size-fits-all trends ignore variability among factors such as age, sex, regionality, and socioeconomic cohort, as well as trend risk over time. Assessing and simulating risk at an individual level can diminish adverse selection, increasing profitability through greater pricing precision.

Verisk’s risk models and proprietary data assets not only model detailed cause-of-death scenarios but can also augment policyholder data within your portfolio. Life Risk Navigator can provide probabilistic analyses and enhancements for portfolios ranging from bare-bones policy data to those with detailed health information.

In a minute or less, Verisk’s advanced data analytics can extract critical insights from electronic health records (EHRs) to help drive straight-through processing for most policies—so you only review the records that require your expertise.

Capturing mortality risk can be a challenge for life and pension actuaries. Life Risk Navigator from Verisk can help meet diverse needs on one versatile platform with stochastic modeling and advanced analytics.

A pandemic, terrorist attack, or earthquake could cause a major financial shock to your portfolio. Considering the impact of these relatively short-term excess mortality events commonly requires information from disparate data sources and models. Help streamline your concentration management using Life Risk Navigator to integrate these scenarios directly into your view of risk.

Maintaining workflows across disparate data and analytics sources is time-consuming and disruptive. Evaluating life insurance, annuity, and pension risk transfer products in separate places leaves room for error. Life Risk Navigator unifies these workflows and data sources into a single, easy-to-use, and customizable platform, helping to add efficiency and simplicity to your business.