Algorithmic underwriting is a fast and inexpensive approach to understanding what type of risk the insurance company will assign to you (super healthy, above average, average, or below average). Instead of an actual person, called an underwriter, reviewing your application and waiting for lab results, a rules-driven decision engine (the “algorithm”) reads your application answers together with available outside data (see What data is being used?) to assign what type of risk you are. This algorithm is much faster and more unbiased than human underwriting, which translates to a more convenient experience and more accurate price for you. You can learn more about risk and underwriting right here.

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