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NEW YORK, March 9, 2021 /PRNewswire/ Montoux, the decision science platform for life and health insurers, recently announced its collaboration with professional services firm Oliver Wyman.
The US long-term care insurance (LTCI) market faces serious challenges. According to LTCG, nationwide long-term care costs
exceed $200 billion, leaving LTCI carriers with significant liability. New technologies and data sources provide opportunities to boost capital efficiency, reduce claims exposure, and improve policyholders lives.
Combining Montoux s decision science platform with Oliver Wyman s deep understanding of LTCI products and existing policyholder datasets, this collaboration enables LTCI carriers to leverage the power of third-party data sources and AI to address existing capital and in-force challenges while improving policyholder value.