The Savings Bank Mutual Life Insurance Company of Massachusetts (SBLI) has partnered with global reinsurer Swiss Re to incorporate the Underwriting Ease platform of the latter into its underwriting process. The integration is expected to streamline risk evaluation, accelerate decision-making, and improve operational efficiency for SBLI underwriters, according to a news release.
The Underwriting Ease platform provides a data-driven approach to risk assessment by consolidating key risk aspects into an intuitive interface. SBLI said this allows underwriters to make informed decisions more quickly and accurately, surpassing the capabilities of traditional automation tools.
“Swiss Re’s Underwriting Ease puts actionable information at the underwriters’ fingertips,” said SBLI president and CEO Jim Morgan. “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.”
“We are delighted to deepen our existing relationship with SBLI with the implementation of Underwriting Ease,” said Neil Sprackling, Swiss Re president and CEO of US life and health. “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.”
The news release said that the tool integrates seamlessly into existing workflows and connects with Life Guide, an underwriting application. SBLI’s chief underwriter, Brian O’Connell, emphasized the platform’s potential to reduce manual underwriting efforts by up to 50%, enabling faster, more consistent risk assessments.
SBLI has been offering life insurance solutions for over 115 years. The company specializes in providing a range of products, including term life, whole life, and hybrid plans, with a focus on customer service and protection.
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