Majority of Life Insurance Brokers, Carriers and Vendors Anticipate Innovation Will Streamline and Speed the Issuance of Life Insurance Policies, Finds Munich Re Survey

More than half (55 percent) of life insurance brokers, carriers, and vendors expect technology innovation will speed the issuance of life insurance policies while reducing administrative tasks and paperwork typically associated with the application and approval process, according to a recent survey conducted by Munich Re, US (Life), a leading reinsurer. Streamlining the process of obtaining and assessing policy applications is a key issue in the life insurance industry.