We outline the market outlook for genomic screening tools in the life insurance industry — from investment trends, to leading companies, to recommendations for the players in the space.
What are genomic screening tools?
Genomic screening tools are designed to capture, sequence, and/or analyze genetic data.
For life insurers, obtaining genomic data from policyholders could provide a new level of insight into their health and long-term mortality probability. While other underwriting data are used to measure current health attributes, genetic data can be used to make forward-looking mortality predictions surrounding disease susceptibility and other genetic predispositions.
Features & capabilities
Genomic screening tools provide life insurers with several capabilities, including:
- Insurer data portals
- Customer data portals
- Real-time reporting
- Genetic testing kits
- Genetic heritage tracing
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