Overview
AI-Underwrite (operating as Sm8rtHealth LLP) is an electronic underwriting platform for life and health insurers, enabling carriers to configure and deploy AI-assisted underwriting decisions without IT involvement. The platform targets insurers seeking to replace manual underwriting processes with a scalable, rules-driven SaaS solution that improves straight-through processing (STP) rates and reduces time-to-market for new insurance products.
The platform combines a no-code rules engine containing over 12,000 medical conditions with an AI assistant, an e-application builder, and a case management dashboard. Insurers can configure products, build digital questionnaires, and deploy underwriting logic across multiple sales channels -- direct-to-consumer, adviser, and tele-sales -- through a single API-driven architecture. The underlying underwriting rules are co-configured with reinsurance partners, with the insurer's IT team retaining control over branding and front-end presentation.
Founded in 2022 by a team combining over 25 years of underwriting expertise with software architecture experience, the company builds on foundational work dating back to 2008 in New Zealand and Asian markets. AI-Underwrite is bootstrapped with a small team of 5-10 people and targets life and health insurers in the Asia-Pacific region and beyond.
Products & Services
AI Assistant
An embedded AI intelligence layer that summarises patient medical summaries (PMS) in minutes and surfaces relevant insights from the platform knowledge base to support underwriter decisions. Designed to increase underwriting capacity and reduce mortality slippage.
Key Features
- Medical record summarisation from PMS documents
- AI-assisted risk decision support
- Knowledge base integration across 12,000+ conditions
Target Users: Underwriters at life and health insurance carriers
Underwriting Dashboard
A case management interface for underwriters to view, configure, and manage underwriting cases end-to-end. Provides on-screen visualisation via an Underwriter Workbench, custom analytics, and reporting.
Key Features
- Underwriter Workbench for case visualisation
- Custom dashboard analytics and reporting
- Open and completed case workflow management
Target Users: Underwriting teams and operations managers
No-Code Rules Engine
The core platform module -- a knowledge base of over 12,000 conditions and ailments with elastic search across all disclosure terms. Supports 100% decisioning with outcomes including accepted, loaded, excluded, or EMC (Exclusion Moratorium Clause). Conditions are organised by Families, Categories, and Classes and are configurable by underwriters without IT involvement.
Key Features
- 12,000+ conditions and ailments with elastic search
- Drag-and-drop configuration by underwriters
- Supports accepted, load, exclude, and EMC outcomes
Target Users: Insurance underwriters and product teams
E-Application Builder
Enables insurers to build and deploy digital underwriting questionnaires with drill-down questions, configurable in multiple languages. Supports Life, Critical Illness, TPD, Income Protection, Supplementary Health, and Travel Insurance product types.
Key Features
- Multi-language questionnaire configuration
- Product deployment in days, question updates in minutes
- Supports six insurance product types
Target Users: Insurance product managers and IT teams
Modular SaaS Platform (API Layer)
An API-driven, channel-agnostic architecture that enables a single rules engine to serve D2C, adviser, and tele-sales channels simultaneously. Branding and UI remain under the insurer's control while the platform handles underwriting logic.
Key Features
- Channel-agnostic API deployment
- Single rules engine across multiple sales channels
- Separation of underwriting logic from front-end presentation
Target Users: Carriers deploying across multiple distribution channels
At a Glance
- Founded
- 2022
- Headquarters
- Auckland, New Zealand
- Employees
- 1-10
- Funding
- Bootstrapped
Category & Focus
- Category
- Underwriting & Risk
- Subcategories
- Automated Underwriting No-Code Rules Engine E-Application Builder
- Insurance Verticals
- Life & Annuity Health Group Benefits
- Target Customers
- Carriers
Links
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Last updated: 2026-06-11