But most instant underwriting is not so instant
Decision inputs
Process
● ● ● ●
Readily-available data from authorized sources ●
20–30% instant decision
Engine can only decide straightforward cases (e.g. standard or better w/crystal clear data)
Third-party prescription histories
Fluids occasionally still requested
Digital health records
● ● ● ● ●
Making sense of instant UW data is hard: ○ Doesn’t follow clinical standards ○ Lacks context ○ Fragmented & conflicting info ○ Siloed logic from data vendors
Credit-based insurance score
Motor vehicle report
Criminal history
Standard application questions
Outcomes ●
Highly manual process in practice
● Brittle, inconsistent logic leading to risk-averse decisions and incorrect approvals
ethos.com
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