InsurTech Express has recently announced its acquisition of the LDTC Life Underwriting Benchmarking Tool. This tool has been a key resource for life insurers, allowing them to assess and compare their underwriting processes against industry benchmarks.
Key Players Involved
The acquisition combines the efforts of InsurTech Express, a leading player in insurance technology, with LDTC, which specializes in underwriting analytics. Additionally, InsurTech Express has partnered with Apis Productions to enhance the tool's capabilities.
What’s New?
Alongside the acquisition, the LDTC tool will be rebranded to better reflect its new ownership and expanded functionality. This change is aimed at improving user experience by integrating more robust analytics features. The partnership with Apis Productions is expected to bring valuable industry insights, further refining the tool's offerings.
Impact on the Industry
This acquisition has implications for life insurance professionals, particularly underwriters and actuaries who rely on benchmarking data to refine their practices. With enhanced tools at their disposal, companies may find it easier to identify areas for improvement, ultimately leading to more competitive offerings in the market.
A Step Forward in Underwriting Tools
By updating and renaming the LDTC tool, InsurTech Express signals its commitment to advancing technology in the insurance sector. This move could position it as a vital resource in the ongoing journey toward more efficient and effective underwriting practices.
Overall, this development emphasizes the growing trend of leveraging technology in the insurance industry to drive innovation and improve service delivery.
Insurance Nerds Editorial Team
