Mortality Assessment Technology
Technology (MAT) is a mathematical algorithm that classifies mortality
risk and automates data analysis. Using a unique holistic view of
mortality risk, our patented technology “Synthesis AnalysisTM” enables
life insurance professionals to better classify an individual's
mortality into standard, preferred, and super-preferred categories more
MAT’s Synthesis AnalysisTM has been developed over the equivalent of 50 man-years. MAT has been validated in several blinded retrospective studies, the largest comprised of 311,535 underwritten and issued life insurance policies. MAT results differed from about half of the classifications produced using conventional underwriting methods and was materially more accurate and highly correlated with actual mortality experience.
For a more in-depth analysis of MAT and its potential impact to the Life Insurance Industry (Click Here)