A new approach to simplified life insurance has recently emerged and become widely embraced. Some of us refer to this as "super-simplified" in recognition of the impact it is destined to have on our industry.
Coronary Artery Calcium Scoring (CACS) with a CT scanner is a non-invasive test that looks for specks of calcium (calcifications) in the walls of the coronary arteries and can detect calcium rich plaques. It can, however, fail to detect isolated lipid-laden so called “soft plaques” which contain no calcium.
Diabetes can lead to blindness, kidney failure, coronary artery disease and other deadly and debilitating conditions. Not surprisingly, life insurance underwriters are keen to know if an individual applying for life or health insurance is a pre-diabetic or already a diabetic.
Innovation and transformation are changing the landscape of insurance. Technology is moving at an incredible pace, much faster than in the past. Is your company ready for the next generation of insurance?
Millennials are all around you and they're important to your business. Also known as Generation Y, millennials include anyone born roughly between 1980 and 2000. With 80 million members, this generation of young people is the largest in the history of the U.S. and it wields significant spending power and influence.
Obesity is a multi-factorial condition and the over-consumption of energy (calories) as sugar is a significant contributor to weight gain. When people take in more energy than they actually use up by body metabolism and physical activity, they create an imbalance. Sustained energy imbalance leads to an accumulation of excess body fat and weight gain over time.
Competitive forces and not-to-be-missed opportunities are driving many insurers, and should be driving all insurers, to reexamine the underwriting process. To launch compelling new products and enter new channels and markets, new and enhanced capabilities are needed in underwriting.
Remember what Donald Rumsfeld, the former U.S. Secretary of Defense, said about “known unknowns” and “unknown unknowns”? Often mocked, it actually makes a lot of sense - and the theory is particularly relevant for underwriters.
Since life insurance underwriting is an imperfect ‘science,' it offers both opportunities for surprisingly good outcomes and disappointing setbacks. It’s well known that one company's good risk is another company's decline or highly rated case.
The treatment of cancer is undergoing a major period of research and development with new treatments being introduced on a regular basis. Many of these are very expensive, with the cost of some new drugs running into tens of thousands of dollars. Cancer is highly emotive, with patients eager to benefit from the latest medical advances. It is therefore important that health underwriters and claims assessors have knowledge of these treatments.
This article introduces some types of treatment being used to combat cancer today. In future articles we will more fully explore each treatment type.