Hot Underwriting Issues

This essay dissects four hot issues in life underwriting with notable implications for the brokerage market.

Let's Not Underestimate the Human Element in Underwriting

As modern risk professionals, we pride ourselves on making decisions that are informed by granular risk data, actuarial analysis and complex computer models. Yet, we have discovered that these quantitative elements unfortunately represent only half the decision making process.

Underwriting and Older Age Applicants: Laboratory Testing - What's Adequate?

All life insurance carriers, for fully-underwritten products, utilize laboratory testing as a key component in assessing an individual’s insurability, regardless of age. Most of these protocols were developed when the average age of applicants and the applied for face amounts were lower than they are today.

Insurers Mine Data For Better Underwriting, Deeper Client Relationships

Despite many life insurers taking a “backseat approach” to mining large data sets, carriers can profit from big data by using more advanced underwriting analytics and by deepening the relationship with customers, a new report has found.

2014 Midwestern Underwriting Conference Presentations

Powerpoint slides from selected presentations given at the 2014 Midwestern Underwriting Conference (September 10-12, 2014 in Madison, WI) have been posted at the MUC website. Topics covered include:

  • Credit Reporting
  • Foreign Risk
  • Fraud
  • Gadgets & Kiosks & Apps
  • LTC Underwriting
  • Pelvic Masses: Evaluation of an Adnexal Mass
  • Performance Enhancing Drugs: Athletics, Anti-Aging and Academics
  • Updates in Cerebrovascular Disease with Underwriting Impact

Big Data, Little Data and Decision Analytics

I believe that Decision Analytics applications will bring big changes right across the life insurance industry, transforming many processes from the back to the front office, such as agent recruiting, agent effectiveness, customer acquisition and retention, cross-selling, underwriting and claims.

Appetite is a Reliable Predictor of Mortality in Old Age

A simple question about appetite can provide insights into old people's general health that may help reduce their risk of dying.

Here Come the Millennials

As the Millennial generation comes of age, they will demand fundamental changes - and others as well - from life insurers.

Mortality: Unleashing Its Hidden Sex Appeal

Seriously. It’s time for the mortality librarian to take off her glasses, let down her hair, and enjoy some positive attention for a change.

Will e-cigarettes Puff Up Your Insurance Rates?

Could puffing on an electronic cigarette inflate your insurance rates?

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.

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