Decoder.ca

Canadian Tech in 100 Words

Manulife

AI Engine Powers Faster Manulife Decisions

by

Manulife is introducing a redesigned electronic life insurance application alongside an enhanced version of its AI underwriting engine, MAUDE, enabling automatic approvals in as little as two minutes for eligible applicants. The update uses adaptive questioning to reduce medical inquiries by up to 40 percent while improving consistency through standardized inputs.

Chief Underwriter Karen Cutler said 58 percent of eligible cases were auto-approved by December, up 56 percent from pre-launch. Applications requiring review are escalated to human underwriters. MAUDE evolved from Manulife’s 2018 AIDA system and operates under responsible AI principles, supporting faster, accurate decisions for advisors and clients.

Want to know more? Check out the source code on Fintech.ca.

Veritree, Manulife Partner on Smart Forests

by

Vancouver-based veritree has announced a major partnership with Manulife, marking the first corporate deployment of its Smart Forest technology. The collaboration brings Manulife’s reforestation efforts onto veritree’s data-driven platform and introduces the technology to Asia through projects in Japan and the Philippines.

Manulife Impact Forests aim to restore ecosystems, support communities, and enhance climate resilience. Veritree’s system combines satellite imagery, ground data, and bio-acoustic monitoring to track measurable outcomes, including carbon sequestration and biodiversity gains. Manulife called the initiative a model for integrating sustainability, accountability, and innovation. Veritree has helped plant over 180 million trees globally.

Want to know more? Check out the source code on Techcouver.

League Collaboration to Elevate Manulife’s Digital Health Offerings

by

Toronto-based Manulife has announced a strategic alliance with healthcare tech leader, League, enhancing personalized digital healthcare for members within Manulife’s group benefits system.

This collaboration underscores Manulife’s dedication to data-driven innovations, aiming to extend lives and improve health outcomes through preventative measures.

Ashesh Desai, Head of Group Benefits, stressed the expansion of care-oriented digital experiences for their Group Benefits clientele.

The integration of League’s technology is anticipated to streamline health journeys, emphasizing prevention, and aiding employers in managing healthcare costs while fostering healthier work environments. Integration is set for early 2024.

Want to know more? Check out the source code on Newswire.ca.