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SCOR’s solution for point-of-sale life insurance combines reinsurance, product development and Velogica®, an advanced algorithm that utilizes a patented process to deliver instant underwriting decisions.

Velogica is helping major clients drive new models of efficient distribution through predictive risk assessment and point-of-sale policyholder capture. The Velogica algorithm correlates information from the life insurance application, motor vehicle reports, MIB reports and prescription drug history, and, in some states, criminal history. Clinical lab histories and credit-based mortality scores are on the horizon.

Velogica is designed with the flexibility required for new data sources as they become available on policy applicants. With more than three million life insurance applications processed, this proven platform has a record of achievement that is unmatched in the industry.

Benefits Performance Metrics
  • 90% of underwriting evaluations within one minute
  • 24/7 application submission capability
  • Thousands of applications processed weekly
  • Sales process and decision that takes less than 15 minutes
  • Human underwriting on less than 5% of applications
  • Validated risk assessment effectiveness

The Team
Velogica is supported by experts from many disciplines – actuaries, underwriters, IT professionals, medical directors, pharmacists, business managers and attorneys. We bring this expertise and support to clients and allow them to benefit from the lessons and experience we have gained over the years.

If you would like more information, please contact a member of the Velogica team