Life and Non-Disclosure Solutions by ForMotiv — Product Research | aVenture
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.
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
