Ash Brokerage, Ameritas and SCOR have teamed up to launch a new term life insurance offering, dubbed Ash Instant term.

The new offering is issued by Ameritas Life Insurance and is available to Ash Advisors through the Ash Term Express platform.

Ash Brokerage claims that the term life solution leverages predictive data modelling and 50 years of experience to provide online underwriting decisions quickly.

Ash Instant term is underwritten by Ameritas and reinsured by SCOR.

SCOR senior vice president, deputy head of growth and development Richard De Sousa said: ”Ash Instant term offers one of the best automation rates in the market while it maintains very competitive prices.

“Qualified applicants can confirm receipt of coverage within 15 minutes in either an agent-assisted or self-serve fully digital environment.”

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Ameritas president and CEO Bill Lester said: “Ameritas is always focused on finding new ways to reach more customers. That’s part of our mission of fulfilling life through convenient, high-quality insurance and financial services. An instant-decision term life product accomplishes all that and more.”

Ash Brokerage CEO Tim Ash said: “It’s not enough to keep up with industry changes. Ash leads the way as the first brokerage general agency to offer this exclusive and innovative design.”

In January, Covr Financial Technologies, Americo Financial Life and Annuity Insurance Company, and reinsurer SCOR teamed up to launch a new life insurance offering.

A few days later, digital health platform One Drop partnered with pharmaceutical major Bayer and SCOR to roll out its AI-powered digital health platform to life insurance carriers and policyholders across the US.