Are you effectively and inclusively underwriting travel insurance for pre-existing medical conditions?
Today’s travel health insurance customers expect a quick purchase and full coverage of their healthcare needs overseas. But coverage traditionally has excluded pre-existing medical conditions, leading to complex, adversarial, and drawn-out claim processes. How can you efficiently underwrite travel insurance for these conditions?
Automate the assessment of travelers’ pre-existing medical conditions
The Verisk Travel Risk Rating Tool helps you underwrite your travel health insurance customers inclusively, including those with pre-existing medical conditions.
Underwrite at the point of sale
You can quickly and easily implement the Travel Risk Rating Tool through an application programming interface (API) or widget plugin solution.
Increase market share
Your organization can provide coverage for customers with pre-existing medical conditions through more inclusive underwriting.
Streamline claims workflows
Easily identify and match pre-existing medical conditions to claims using consistent medical codes (ICD 9 and 10).
Integrate your own rules into the Travel Risk Rating Tool
When you use the Ratings Engine to enhance the Travel Risk Rating Tool, you can embed your own underwriting rules into the platform, providing real-time cover decisions to end users and create a robust use case for brokers and other insurance intermediaries.
Integrate your own rules into the Travel Risk Rating Tool
Features and capabilities
Automated assessment of pre-existing medical conditions
Increase conversion rates and cut overhead using our dynamic question set, which generates relative risk scores to represent the total medical exposure of pre-existing conditions—without the inefficient and lengthy underwriting process.
Consistent medical coding
Identify pre-existing conditions using consistent medical codes (ICD 9 and 10, which can help match pre-existing medical conditions to claims.
Robust analytic foundation
Gain insight from our industry-leading experts in medical risk assessment, who develop and maintain the Travel Risk Rating Tool analytics based on understanding the natural progression of medical conditions and claim costs.
Related resources
Stay in the know about important industry trends and innovative solutions.
Article
COVID-19 and FCA signposting delay give travel insurers time to reflect on cover
Article
EU warning on pre-existing conditions should prompt travel insurance reform
Contact us to learn more
Please contact us for questions, technical support, or to reach a salesperson. We are available Monday through Friday, 9 a.m. — 5 p.m. BST:
Global toll-free:
International Access code, then 800 48977489.
Main toll-free:
1-800-888-4476