Misclassification of Risk: Dealing With a Fact of Life (Insurance)

Risk misclassification sometimes occurs no matter how much underwriting a life insurance policy receives. What happens if the risk we are taking is misclassified?

ReFlections Medical Underwriting Newsletter

Volume 33 includes the following articles:

  • Advances in Multiple Sclerosis
  • Infectious Diseases in an Increasingly Globalized World: How is the Reinsurance Industry Managing Its Risks?
  • Sudden Cardiac Death Without Warning - Focus on the Brugada Syndrome
  • Introduction to SNOMED-CT

Do the Novel Oral AntiCoagulant Drugs Change the Deal in Insurance?

Cardiovascular diseases are the main cause of mortality in the world and insurers have to take into consideration any significant changes in this field. The arrival of the long-awaited Novel Oral AntiCoagulant drugS or “NOACS”, specifically targeting blood clotting factors thrombin or Xa, has been hailed as an important therapeutic advance over traditional oral vitamin K antagonists.

We set out to explain the potential advantages and limitations of NOACs and their potential impact on life insurance practices.

E-Cigarettes - Here Comes Some Science

Electronic nicotine delivery systems (ENDS) first became popular 10 years ago. They represent an alternative that reduces the health hazards associated with the toxic chemicals found in tobacco smoke. ENDS may turn out to be much less harmful than smoking tobacco, but to date there is insufficient scientific evidence to support the notion that they are effective smoking cessation devices. This article discusses the informative value of the studies that have been carried out so far, as well as how different countries regulate and control e-cigarettes.

Climber’s Life Choices Put Question Marks Over Cover

Life insurance underwriters are frequently confronted by conflicting underwriting information that they have to weigh when evaluating an agent’s rate reconsideration. Take a look at the case study described below, for instance.

5 Predictions for the Future of the Life Insurance Industry

The life insurance industry is due for an update when it comes to the way business is done. Doug French and James O’Neill of Ernst and Young call it “creative destruction,” “a tipping point,” or a “paradigm shift,” and a recent PwC white paper calls it “massive and potentially disruptive change.”

Wearable Technology - How Can This Help Insurers

This article looks at the development and application of smart technology in life and health insurance and specifically the role it may have in attracting better risks.

Critical Illness – Fit for the Elderly

In almost all important insurance markets, individual life expectancy has increased enormously during the past decades and is likely to increase further in the future – while birth rates fall in many countries. Although many societies are in the process of aging, it is not yet possible to visualize the impact of this on Critical Illness (CI) insurance. One reason is the lack of penetration the product has into this market – a fact borne out by the findings of Gen Re’s most recent market survey.

Insurers All In on Cloud

A scant three years ago, insurance companies exhibited a healthy skepticism about the cloud. Technology leaders from carriers across the spectrums of asset size and business lines told Insurance & Technology that they and their peers were simply looking to dip their toes into the cloud, so to speak, with ancillary functions and systems, rather than those that power their core insurance business.

MIB Life Index Reports U.S. Life Insurance Activity up +0.6% in August

U.S. application activity for individually underwritten life insurance rose +0.6% in August year-over-year, all ages combined, according to the MIB Life Index.

Making It Simple: Super-Simplified Underwriting

This article was originally published in the August 2014 issue of Best's Review and is reprinted here with permission.

Fat, BMI and Preferred Programs – A Good Mix? (Scor Global Life)

Good news, USA: the US recently lost its #1 position as the “fattest” major nation. However, while Mexico takes over the lead, nearly a third of the population of each nation still falls into the obese category, with significant impacts to morbidity and mortality.

Impaired Risk Review: Osteoporosis

Osteoporosis affects nearly eight million women and two million men in the United States, and its incidence is only increasing as the population ages.

General Aviation Experience in the United States (RGA)

In 2010, 450 people died in general aviation crashes, which is a fatality rate of 1.10 per 100,000 flight hours. Accident experience over the period from 2002 to 2012 was analyzed and varies greatly by type of aircraft, the purpose and location of the flight, as well as the flying conditions and pilot training.

Does Retiring Early Increase Cognitive Decline?

To cut through the suspense the answer is yes. If you look at two individuals of the same age, the person who retired early will show greater cognitive decline than the person who retired later.

Syndicate content

Please Register
Registration requirementsREGISTER