Reading Time: 10 min.
In March 2014 StoneRiver surveyed life insurance carriers on their adoption and use of point-of-sale decisioning (POSD).
With advances in technology and nearly immediate availability of underwriting evidentiary data, automated data collection and underwriting have made point-of-sale decisions a reality for many insurance products.
The intent of the survey was to assess:
• The current level of implementation across carriers
• The appetite for point-of-sale decisioning
• The varied approaches and methodologies being undertaken
- thought leadership