Pathwork Unveils Revolutionary Medical Data Access for Life Insurance Brokers

In a groundbreaking move for the insurance industry, Pathwork, an AI-driven platform specializing in life and health insurance distribution, has officially launched a game-changing service that empowers life insurance brokers with immediate access to critical prescription and medical claims data. This innovative offering dramatically alters the underwriting landscape, enabling brokers to gather necessary client health insights within seconds, rather than waiting weeks for traditional physical records.

A New Era in Underwriting

Brokers have historically faced two unappealing choices: build a case based on self-reported health data, risking unexpected declines, or endure lengthy delays while awaiting access to critical medical files. Pathwork’s new platform effectively closes this gap, presenting brokers with an early and comprehensive health context. This shift facilitates better assessments concerning carriers’ suitability and risk class evaluations before submission, enhancing the overall efficiency of the underwriting process.

Ian Levinsky, CEO and co-founder of Pathwork, emphasizes the significance of this new development: “For too long, brokers have submitted cases without access to the data that genuinely informs the underwriting process. Pathwork changes that paradigm. We’ve fused top-tier underwriting data with AI insights that inform workflows to assist brokers in making informed decisions quickly.”

Closing the Compliance Gap

One of the significant challenges in the insurance domain has been the compliance issues surrounding broker-side data access. Pathwork has addressed this by creating a robust infrastructure that aligns with HIPAA regulations, ensuring sensitive health data is securely managed. This compliance allows brokers to operate with greater confidence and reliability.

Speeding Up the Process

The insights that Pathwork generates are founded on medical claims and prescription history data that underwriters have relied upon for over two decades. With a prescription history spanning seven years and updated continuously, brokers can expect to see new prescriptions reflected in their reports often within a single day. Importantly, medical claims data is returned for over 80% of applicants, providing reports laden with approximately 200 clinical data points per person.

Utilizing this enriched data significantly streamlines the underwriting process, reducing the need for attending physician statements by around 90% and laboratory orders by the same percentage. This not only accelerates average underwriting turnaround times by about 55% but also enhances the brokers' ability to manage client expectations more effectively, avoiding surprises later in the process.

Real-World Impacts

Shawn Whittington, Chief Underwriter and Agent Advocate at Jetter, notes the transformation in case building: “Before accessing this data through Pathwork, our processes were often unpredictable, relying heavily on incomplete client-reported information. Now, we are equipped to make informed underwriting decisions up front.”

For brokers eager to explore the benefits of this platform, sample reports and pricing information can be easily requested through Pathwork’s dedicated broker page.

About Pathwork

Pathwork stands at the forefront of the AI revolution in life and health insurance distribution. By merging structured insurance data with predictive and generative Artificial Intelligence, Pathwork enables brokers to expedite case processing, resulting in more placed policies. Headquartered in San Francisco, the company extends its support to brokerages and carriers nationwide. To learn more about Pathwork and how it can transform your insurance practice, visit pathwork.com.