Home Breadcrumb caret Industry News Breadcrumb caret Industry Manulife offering new whole life product, AI underwriting tool Manulife launched a new whole life insurance product and an artificial intelligence (AI) algorithm for underwriting on Tuesday. The insurer introduced Manulife Par, re-entering the whole life insurance market, a release said. It also became the first Canadian insurer to underwrite using AI, the release said, a tool it expects will reduce the turnaround time […] By Staff | June 19, 2018 | Last updated on June 19, 2018 1 min read Manulife launched a new whole life insurance product and an artificial intelligence (AI) algorithm for underwriting on Tuesday. The insurer introduced Manulife Par, re-entering the whole life insurance market, a release said. It also became the first Canadian insurer to underwrite using AI, the release said, a tool it expects will reduce the turnaround time for customer applications. “This tool leverages Manulife’s many years of internal underwriting data and growing analytics capabilities to make it faster for many Canadians to buy basic life insurance,” the release said. Read: Manulife closing oil sands sector fund What Manulife’s top executives earned in 2017 How to make life insurance products better in a rising rate environment Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo