Verisk announced that AXA Life & Health Reinsurance Solutions is using Verisk's Health Risk Rating Tool to provide its insurance partners in China the ability to offer automated health insurance underwriting decisions that are more inclusive of pre-existing medical conditions. The Health Risk Rating Tool will be marketed as AXA's Intelligent Medical Acceptance Tool (IMPACT), an underwriting platform available in China to insurers and brokers working with AXA Life & Health Reinsurance Solutions. IMPACT and Verisk's Health Risk Rating Tool automate the assessment of pre-existing medical conditions, allowing users to make underwriting decisions such as premium loadings and exclusions in real time.

AXA Tianping, which is based in Shanghai, is the first insurance partner to use IMPACT in the North Asian market. Through the IMPACT platform, customers will be able to declare the specifics of their medical conditions using the Health Risk Rating Tool's dynamic question set, which uses advanced algorithms to generate relative risk scores representing their total medical exposure. The scores are based on more than ten years of medical claims and data and are recalibrated with the latest developments in treatments and technologies.

Verisk's Life, Health and Travel solutions help insurers accelerate their underwriting and expand their portfolios by automating the assessment of pre-existing conditions. The solutions, which have been integrated into the workflows of insurers, brokers and distributors around the world, analyze the medical declarations in insurance applications and provide critical analytics to help insurers underwrite health, travel and pet insurance. The Health Risk Rating Tool is available in numerous languages, including Simple and Traditional Chinese and Vietnamese.