Optifino and Covr merge to create Digital BGA 3.0, combining AI-driven case design with enterprise compliance for modern life insurance distribution.

Optifino and Covr merge to form Digital BGA 3.0, blending AI-driven case design with enterprise compliance to modernize life insurance distribution https://lnkd.in/dtpbeabx

We talk endlessly about "digital transformation" in Life Insurance, but too many carriers are just swapping paper forms for PDF forms. That's not transformation. The real game-changers? Personalization that moves beyond basic segmentation and actually builds trust. Digital Playbooks that let you scale that trust. The market is shifting under our feet and you need to aggressively adopt both of these strategies to remain competitive. Read my latest analysis on what the leading carriers are doing right now. 👇 https://lnkd.in/ezFYjP3r #LifeInsurance #Insurtech #DigitalStrategy #FutureOfInsurance #INN #AmeriLife #ProfessorLeads

The Life Code Compliance Committee (Life CCC) has set out a more targeted and outcomes-focused compliance strategy in its 2024–25 annual report, signalling a shift towards addressing high-impact and systemic issues across the life insurance sector. https://bit.ly/4o2BVqW

Millions of Canadian #lifeinsurance policyholders are at risk of being forgotten — “orphan policies” left unmanaged as #advisors retire or move on, or as firms engage in M&A. It’s on the industry to fix the issue, says Rhona Konnelly, CLU®, EPC, CPCA, RFC®, who sees a role for #AI to help flag at-risk contracts, as well as national servicing standards to protect policyholders and uphold the promise of life insurance. #LifeInsurance #Advisors Read more: https://lnkd.in/dyDErvum

SCOR Digital Solutions has announced the launch of Velogica, its cloud-based automated underwriting solution, with its strategic partner Aktia Life Insurance in Finland. https://lnkd.in/gUKfM83b

The traditional life insurance model, a stalwart of financial planning for over a century, is fundamentally static. It's a "set it and forget it" product, designed for a world that no longer exists. Today’s customers face dynamic challenges—persistent inflation that erodes a policy's future value and a growing demand for personalized, proactive services that a fixed-term policy cannot offer. The industry is at an inflection point, and the catalyst for a revolutionary paradigm shift is Agentic AI. It’s time to move beyond the rigid policy and embrace a new framework: life insurance as a subscription for holistic life management.

We are pleased to announce a new partnership with French broker UTWIN Assurances, focused on harnessing our digital solutions platform and AI to transform their underwriting and claims processes. This collaboration brings together SCOR’s (re)insurance- and tech-expertise and Utwin’s customer-first mindset to explore how AI-driven solutions can streamline operations, enhance decision-making, and deliver faster, fairer outcomes for policyholders. At the heart of this initiative is SCOR’s AI Assistant—developed to support underwriters and claims managers by summarizing lengthy evidence, improving consistency, and accelerating decision-making. "Innovation is at the heart of our DNA. Together with SCOR, we are taking a concrete step towards a smoother, faster, and fairer process for our policyholders and partners. This partnership reflects our ambition to simplify borrower insurance and deliver an enhanced customer experience at every stage of the journey."– Celine Montelimard, Chief Operating Officer, UTWIN Lavergne Jean-Philippe, Directeur Marché France at SCOR adds: “This partnership marks a pivotal step in our journey to reimagine underwriting and claims through innovation and AI. We’re proud to collaborate with Utwin to bring smarter, more agile solutions to the market." Jeremy Speed, Head of Business Development Europe & LATAM at SCOR Digital Solutions says: “Our partnership with Utwin reflects a shared vision to support growth through strategic innovation. By jointly introducing AI Assistant to the Credit-life insurance in France, we aim to create measurable value for insurers and their customers.” We look forward to unlocking new possibilities, developing transformative solutions, and setting new standards of excellence in life and health insurance.

Imagine this: a client receives a life insurance policy with just one small error and it changes the entire meaning of the document. Scary, right? But in life insurance projects, these “small” mistakes can cost not just money, but trust, credibility, and sometimes legal consequences. I once worked on a project where a minor oversight in documentation nearly delayed the launch. It wasn’t about lack of effort the team was skilled and hardworking. What was missing? A solid quality control system. That experience taught me that success isn’t just about delivering fast, but about delivering right. Here’s the 6-step checklist I now live by to keep life insurance projects on track: 🔵 Crystal-clear requirements align everyone from the start. 🔵 Document everything if it’s not written, it’s forgotten. 🔵 Peer review extra eyes always spot what you missed. 🔵 Testing with real scenarios stress test before rollout. 🔵 Compliance checks because regulations aren’t optional. 🔵 Final walkthrough act like the client before the client does. quality control isn’t an afterthought it’s the backbone of delivering reliable results. How do you make sure your projects don’t miss the mark? #Linedinconsistency #120dayswitholubukolaadesina

Collaboration is reshaping the life insurance industry. In Advisor Magazine, Kimberly Scott, MBA, shares how Nationwide, LIBRA Insurance Partners, and Kadance teamed to introduce a new approach. Each partner contributed a different strength—insurer, distribution network, and innovation—and the result is expanded access, stronger client engagement, and more value for policyholders. It is a clear example of the progress that happens when organizations commit to a shared vision for the future of life insurance. Read the full article here: https://lnkd.in/gS-2_7St #LifeInsurance

How do we identify and address unwanted bias in life insurance and annuity products? The Society of Actuaries Research Institute's new collection of essays explores frameworks and techniques to help insurers detect potential bias in underwriting, pricing, and more — ensuring fairness and transparency throughout the customer journey. ⚖️📊 Check out the award-winning essays here: https://lnkd.in/deQ4-tTp #ActuaryResearch #Insurance #Annuities #DataEthics #Underwriting #BiasDetection #SOAResearch