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ForMotiv›
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Life and Non-Disclosure Solutions
Life and Non-Disclosure Solutions

ForMotiv› offers Life and Non-Disclosure Solutions

ProductOperating Status: Currently Offered

Life insurance nondisclosure detection that limits mortality slippage in underwriting and post-issue audits.

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Overview

Life and Non-Disclosure Solutions apply rule-based detection to nondisclosure in life insurance applications, flagging tobacco, alcohol, drug, medical, weight, criminal, and avocation misstatements. The solution supports accelerated-underwriting requirement ordering, forensic underwriting, and post-issue audit processes.

ForMotiv reports roughly five net-new misrepresentation or declineable-risk finds per 1,000 accelerated-underwriting applications and cites industry estimates that more than seven percent of life applications contain nondisclosure.

Life and Non-Disclosure Solutions - Classification

Customer
  • Enterprise
Tags
  • Insurtech

Life and Non-Disclosure Solutions - Direct Competitors

  • Clearspeed

    Clearspeed logo

    Clearspeed Voice-Based Risk Assessment Platform

    clearspeed.com

  • LexisNexis

    LexisNexis logo

    LexisNexis Risk Solutions

    lexisnexis.com

AttributeLife and Non-Disclosure SolutionsClearspeed Voice-Based Risk Assessment PlatformLexisNexis Risk Solutions
ProviderForMotivformotiv.com9.4M raised · SeedClearspeedclearspeed.com87M raised · Series DLexisNexislexisnexis.com30M raised
Founded201820161970
Sells ToEnterprise—Enterprise, Government
Pricing ModelRecurring—Recurring, Software, Transactional
OwnershipVenture Capital—Public
Life and Non-Disclosure Solutions

Provider ForMotivformotiv.com9.4M raised · Seed

Founded 2018

Sells To Enterprise

Pricing Model Recurring

Ownership Venture Capital

Clearspeed Voice-Based Risk Assessment Platform

Provider Clearspeedclearspeed.com87M raised · Series D

Founded 2016

Sells To —

Pricing Model —

Ownership —

LexisNexis Risk Solutions

Provider LexisNexislexisnexis.com30M raised

Founded 1970

Sells To Enterprise, Government

Pricing Model Recurring, Software, Transactional

Ownership Public

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