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BMO Insurance Launches "AI-Enhanced" Life Insurance Underwriting Solution

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BMO Insurance (BMO.TO) has launched an AI-enhanced underwriting solution for its life insurance products that can deliver decisions almost instantly.

SmartDecision, which uses advanced analytics and AI-enhanced capabilities, evaluates risks and renders decisions for up to C$5 million cover within seconds, unlike traditional life insurance underwriting processes which involve follow-up meeting with prospective clients, a statement said.

The solution is available for BMO Insurance's term life, universal life and whole life applications.

Price: $249.00, Change: $+1.93, Percent Change: +0.78%

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