According to Philstar Biz, PhilCare, one of the country's leading health maintenance organizations (HMOs), has launched a fully automated underwriting system for online health insurance by integrating Verisk's Health Risk Rating Solution.
The move marks a significant shift toward digital health care in the Philippines. PhilCare is the only HMO that Verisk has partnered with for this initiative, positioning the company at the forefront of automated risk assessment in the local insurance industry.
By leveraging Verisk's solution, PhilCare aims to streamline the underwriting process, reducing manual intervention and enabling faster, more efficient policy issuance for online applicants. This development is expected to set a new benchmark for digital transformation in the Philippine health care sector.