Nationwide Is Streamlining Life Underwriting Process with DigitalOwl’s Advanced AI Technology

Columbus, OH — February 14, 2024 — Nationwide is partnering with DigitalOwl for their advanced platform which transforms medical data into meaningful summaries for a better, faster and more accurate review.

DigitalOwl’s AI-powered platform enables efficient processing and analysis of vast volumes of medical records, including both conventional and electronic health records. This solution is specifically designed for life underwriters to easily navigate complex and large medical documents by organizing the critical information needed to thoroughly assess the holistic view of an applicant’s medical history.

“By partnering with DigitalOwl, Nationwide is bringing in an engaging AI technology for our underwriters that ultimately benefits our potential members,” said Erin McClintock, Director of Underwriting Innovation for Nationwide’s Life insurance business. “This partnership perfectly aligns with our commitment to digitalization, automation and the use of generative AI in the life underwriting process.”

By leveraging modern artificial intelligence and generative text technologies, the underwriting experience is enriched which allows underwriters to focus on important medical data rather than manual and administrative work. This also sets the foundation for further technical advancements that will evolve into capabilities such as chat functionality within the medical records.

"We are excited to partner with Nationwide,” said Yuval Man, Co-Founder and CEO at DigitalOwl. “By adopting DigitalOwl's innovative technology, Nationwide is not only stepping boldly into the future of AI but doing so responsibly. We're proud to support them in this journey, ensuring that their move towards advanced technology is both strategic and sustainable."

About DigitalOwl
DigitalOwl is an InsurTech platform empowering insurance professionals to transform complex medical data into actionable insights with unprecedented speed and accuracy. The suite of innovative products allows users to 'View', 'Triage', 'Connect', and 'Chat' with their medical data — addressing the diverse needs of the insurance industry. The company has introduced the first and only machine-learning platform that interprets medical records and assists underwriters and claim adjusters in their work. Backed by a Medical Knowledge Base, the platform has a deep understanding of the medical text, creating a focused set of medical data points in a robust, meaningfully summarized format. Data is arranged chronologically, allowing the user to search and filter information by medical condition, date, body system, and more. The complete history is contained within a few pages rather than hundreds, allowing clients to speed up their medical records review process and free up their talented resources to focus more time on critical activities. For more information about DigitalOwl, visit www.digitalowl.com. Follow DigitalOwl on LinkedIn.

About Nationwide

Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States. Nationwide is rated A+ by both A.M. Best and Standard & Poor’s. An industry leader in driving customer-focused innovation, Nationwide provides a full range of insurance and financial services products including auto, business, homeowners, farm and life insurance; public and private sector retirement plans, annuities, mutual funds and EFTs; excess & surplus, specialty and surety; and pet, motorcycle and boat insurance. For more information, visit www.nationwide.com. Follow the firm on Facebook and Twitter.

This material is not a recommendation to buy or sell a financial product or to adopt an investment strategy. Investors should discuss their specific situation with their financial professional.

This information is general in nature and is not intended to be tax, legal, accounting or other professional advice. The information provided is based on current laws, which are subject to change at any time, and has not been endorsed by any government agency.

Nationwide and DigitalOwl are separate and non-affiliated companies.

Nationwide Investment Services Corporation (NISC), member FINRA, Columbus, OH. Nationwide Retirement Institute is a division of NISC.

Nationwide, the Nationwide N and Eagle and Nationwide is on your side are service marks of Nationwide Mutual Insurance Company © 2024 Nationwide

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