MRS Selects Verisk's Voice Analytics to Help Life Insurers Accelerate Underwriting

JERSEY CITY, N.J., Aug. 19, 2021 (GLOBE NEWSWIRE) -- Many consumers may soon be able to buy life insurance more quickly without undergoing inconvenient at-home medical tests. Management Research Services (MRS), a cutting-edge technology and data provider for the life insurance industry, is integrating Verisk's groundbreaking proprietary voice analytics into its telephone medical interviews to help flag potential tobacco users early and streamline the underwriting workflow. MRS is implementing Verisk's Tobacco Usage Propensity Model, which uses artificial intelligence and machine learning to analyze audio interviews. MRS will then apply the rules it has developed, based on Verisk's model output, to identify a small percentage of applicants who may require lab testing to verify their tobacco usage status, while enabling the vast majority of applicants to bypass lab testing. "Verisk will add tremendous value for our customers," said Tim Dineen, CEO of MRS.