NEW YORK, December 06, 2022–(BUSINESS WIRE)–New York Life, America’s largest mutual life insurer1, in the present day introduced a strategic partnership with Human API, a number one supplier of digital well being information innovation and options, to proceed to streamline and simplify the life insurance coverage buy expertise.
Powered by Human API’s Well being Intelligence Platform, New York Life, with applicant consent and in full compliance with HIPAA rules, will retrieve shopper mediated digital well being data (EHRs) within the type of normalized digital well being information. Changing conventional, guide strategies of acquiring medical data with extra simply accessible digital kinds brings extra pace, transparency, and effectivity to the life insurance coverage underwriting course of. With this partnership, New York Life will increase its entry to machine-readable well being information which can additional advance the corporate’s efforts to enhance the buyer expertise when buying life insurance coverage.
“New York Life’s efforts to more and more take away friction from the life insurance coverage buy course of during the last a number of years have concerned achievements in digitizing, enhancing information sources, and automating,” mentioned Ari Roy, head of New York Life’s Strategic Options Group. “This progressive work within the digital well being report house, together with our newest partnership with Human API, is a crucial a part of New York Life’s general mission to allow shoppers to acquire the monetary safety they want in a sooner and extra environment friendly method.”
“Like New York Life, we at Human API perceive that digital well being information is the way forward for the life insurance coverage trade and imagine strongly within the alternatives, actionable insights, and efficiencies that come from its implementation,” mentioned Andrei Pop, Chief Government Officer of Human API. “We are going to proceed to innovate to deliver our companions the foremost options in well being information for underwriting and buyer expertise transformations.”
About New York Life
New York Life Insurance coverage Firm (www.newyorklife.com), a Fortune 100 firm based in 1845, is the most important mutual life insurance coverage firm in america1 and one of many largest life insurers on the earth. Headquartered in New York Metropolis, New York Life’s household of firms presents life insurance coverage, retirement revenue, investments and long-term care insurance coverage. New York Life has the best monetary energy scores at present awarded to any U.S. life insurer from all 4 of the main credit standing businesses2.
1Primarily based on income as reported by “Fortune 500 ranked inside Industries, Insurance coverage: Life, Well being (Mutual),” Fortune journal, 5/23/2022. For methodology, please see http://fortune.com/fortune500/.
2Particular person impartial ranking company commentary as of 10/18/2022: A.M. Finest (A++), Fitch (AAA), Moody’s Traders Service (Aaa), Normal & Poor’s (AA+).
About Human API
Human API’s Well being Intelligence Platform connects and converts well being information into actionable intelligence that accelerates underwriting, improves placement charges, and creates higher buyer experiences. The corporate’s platform is powered by a sturdy and complete information community which incorporates entry to digital well being data (EHR) networks, well being info exchanges (HIEs), affected person portals, and conventional APS retrieval companions. Coupled with good proof orchestration capabilities that optimize for one of the best information retrieval paths and a reporting engine that presents helpful info to underwriters on the proper time, Human API’s resolution helps main carriers simply entry and use well being information to remodel underwriting and buyer experiences. To study extra, go to HumanAPI.co.
View supply model on businesswire.com: https://www.businesswire.com/information/house/20221206005233/en/
New York Life