The race is definetly on. All carriers and re-insurers want and need a better way to underwrite their Standard and Better applications without any bias from agent exceptions. IRMA provides that way. They also need a better way of digitizing those decisions and the criteria used. And in this time of economic challenge, the solution must cut rather than raise costs. 
With IRMA a carrier achieves high speed decisions and accurate classifications based on quantified facts.This is delivered in a form the carrier defines for each classification of Super Preferred, Preferred and Standard. Rather than years down the road, a carrier immediately knows exactly which category each application falls in. Of course exceptions are always possible but the point is knowing they occurred in the first place and exactly how many.
The case data is mined by body system, e,g, Genitourinary, Cardiovascular, Digestive according to industry standards. Each diagnosis is pre-scored. Nicotine behavior, hazards, life style, cholesterol, blood sugar, height, weight, etc are all considered. A Risk Recommendation is calculated according to carrier guideline standards. The case data is delivered to the carrier in an XML record that can be stored and used for later follow up studies or in a claims procedure. IRMA means high speed and accurate application rating, lower costs and higher underwriter productivity.
Sample IRMA Report : Valued Applicant.PDF | | | IRMA features | IRMA | | MS Office Integration | X | | Workflow Driven | X | | PDF - XML | X | | Links to Web Resources | X | | Tailored Summary Forms | X | | Encryption (SSL) | X | | Web Based | X | | Free Upload / Download | X | | Minimal Set Up Fees | X | | Status Reporting | X | | Tracks Time Spent | X | | Risk Recommendation | X | | Help Desk Included | X |
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