Taking the Long-Term View of Wellness ROI

CORPORATE WELLNESS MAGAZINE

By Michael P. Curran, CEO, Force Diagnostic, Inc., Brian G. Mulconrey, cofounder and advisor to Force Diagnostics, Inc., and Chuck Ritzke, FSA, MAAA, actuarial advisor to Force Diagnostics, Inc.

Three years ago, the Rand Corporation published a report on Worksite Wellness Programs revealing positive returns on investments in disease management, as well as some disappointing results for changing lifestyle behavior. But the authors of the Rand report were careful to balance their cost/benefit analysis with this caveat: “However, no study to date has taken a long-term look, at least from the perspective of a workplace wellness program, at the health benefits of risk factor reductions.” (CONTINUED...) 

3 wellness solutions for reinventing the customer experience

LifeHealthPro.com

By Michael P. Curran, CEO, Force Diagnostic, Inc., Brian G. Mulconrey, cofounder and advisor to Force Diagnostics, Inc., and Chuck Ritzke, FSA, MAAA, actuarial advisor to Force Diagnostics, Inc.

Think about it: With over $20 trillion of life insurance in-force in the United States alone, wouldn’t you expect more life insurance companies to be devoted to helping their customers enjoy long and healthy lives? Apart from making an inspirational mission statement, this might also help us to set more ambitious goals around reinventing the life insurance customer buying experience. There has been a lot of industry focus recently on “fluidless” or “non-invasive underwriting.” Trading underwriting accuracy for small improvements in issue speed just doesn’t seem to go far enough toward truly reinventing the customer experience. (CONTINUED...)

Force Diagnostics and higi team up on life insurance innovation

DRUG STORE NEWS

BY GINA ACOSTA

CHICAGO -- Force Diagnostics and higi are joining together to help life insurance companies make more accurate -- and speedy-- underwriting decisions. With Force Diagnostics’ rapid testing and higi’s biometric and lifestyle data readings now available at retailers nationwide, insurers and consumers will benefit from an expedited exam process that can be completed during a quick visit to their local retail pharmacy. 

Eight startups aiming to transform the Life Insurance business

InsurTech

Eight startups aiming to transform the Life Insurance business

Force Diagnostics is focused on “combining science and a customer-centric streamlined process” to transform health and wellness screening. The expense (to the carrier), hassle (to the applicant) and elapsed time (a burden to all) associated with today’s underwriting requirements for blood and urine samples are ripe for reinvention.

Force Diagnostics and higi Partner to Provide Innovative Services to Life Insurance Industry:

Fully accelerated underwriting for life insurance companies with biometric and lifestyle data that rewards consumers for healthy behaviors

CHICAGO – A new partnership announced today will help life insurance companies make more accurate underwriting decisions in a fraction of the time it takes today, while offering timely, competitively priced and high-value life insurance policies to consumers without requiring inconvenient and time-consuming health screenings...

How to Reach Millions with Life Insurance

Reprinted from Insurance Thought Leadership, February 16, 2016

By Dianne Schuetz

The availability of rapid diagnostic technology and the dramatic growth of retail healthcare has converged to create opportunities for the life insurance industry to attract and serve millions of consumers who are uninsured. Increasingly, consumers are visiting retail locations for healthcare. Life insurers stand to benefit in both the short and long term by taking advantage of the convenience of retail healthcare and the availability of rapid testing to speed underwriting...

Force Diagnostics Announces a New Rapid Test for Nicotine Detection in Insurance Applicants

Chicago – Tedd Determan, founder of Force Diagnostics, today announced a new point-of-care rapid test – SalivaScan – that can identify smokers among insurance applicants.

“Nicotine is a critical component of risk assessment because of its health consequences to the insured and its impact on life insurance profitability,” said Determan. “Within just a few minutes, SalivaScan, accurately detects the presence of Cotinine, the first-state metabolite of nicotine. The results provide the assurance that companies need to confidently issue a policy.”