Underwriting Innovations 2014

A focused look at underwriting innovations in terms of where they stand in 2014.

E-Cigarettes: Cessation Device or Alternative Vice? (Gen Re)

Ever since they emerged on the market 10 years ago, the popularity of e-cigarettes has been rising.

An End To Paramed Exams In The Future?

Changes under way in the life insurance underwriting processes relating to data analytics also have an impact on agents who sell life insurance products.

Stress Tests: Underwriting Psychiatric Disorders

Stress is common in today’s high-pressure world, and it can have a big impact on our well-being. Personal situations can cause anyone anxiety and depression, but a lot of people also have significant psychiatric impairments that are related to their psychological make-up.

The Advisors Role in Financial Underwriting

Compared to the attention that the life insurance industry gives to medical underwriting, financial underwriting may seem less important, something like ‘the little finger on the left hand’. But what happens on the medical side goes a long way in determining whether a client’s application is accepted, rejected, or rated.

Gen Re Risk Matters: Ebola Is Not Swine Flu

The increasing alarm surrounding the most recent outbreak of the Ebola virus disease (EVD) is a chilling reminder of the potential for the spread of viruses to rapidly reach epidemic proportions.

​Anatomy of Homicides - An Overview (RGA)

This article will attempt to address such questions as: Who are homicide’s victims and offenders? Why is the U.S. murder rate several times higher than that of other wealthy countries? Why are fewer homicide cases being solved? What significant factors correlate closely with murder rates? And what impact does homicide have on life insurance claims?

Four Steps to Improving the Life Insurance Buying Process

During a recent flight home from an industry event, I sat in my seat re-reading my previous “State of the Industry” blogs. A common theme resonated throughout each of them – Simplified Process. I am passionate about a simplified process because it is what our applicants tell us they want.

Life Insurance Acceleration Riders

In recent years, life insurance companies have started offering acceleration of a portion of the face amount of the life insurance policy to those who are chronically or critically ill. This article discusses the more common form of the chronic illness riders found in the U.S. marketplace today, as well as considerations to control the risks under that rider.

MIB Life Index Reports U.S. Life Insurance Activity up 0.7% in July

U.S. application activity for individually underwritten life insurance rose +0.7% in July year-over-year, all ages combined, according to the MIB Life Index.

Underwriting Issues and Innovation Seminar Slide Presentations

Slides from presentations delivered at the Underwriting Issues and Innovation Seminar have been posted at the SOA website. Sessions with slides from Day 2 include:

- Big Data & Predictive Analytics
- Prescription Profiles
- Older Age Underwriting
- Simplified Issue

Canadian Perspective on Genetic Risk

Genetic Testing Model - If Underwriters Had No Access to Known Results: A report to the Canadian Institute of Actuaries Committee.

Top 5 Things to Watch For In The Life Insurance Space

Topics covered:

1. Simplification in product design and processes
2. Increased prevalence of combination products with accelerated benefit riders
3. Underwriting advancements and streamlining
4. Changes to the advice model
5. Internet distribution

Hemochromatosis: Being an Iron Man Carries Risk!

This article includes a general overview of hereditary hemochromatosis along with an easy-to-understand approach to underwriting this disorder. It also includes an overview of the genetic testing interpretation involved with this disorder.

Impaired Risk Review: Tuberculosis - Still Alive and Kicking

While most of us may not know of an active case of tuberculosis in our own circle, to say it is still a global health problem would be putting it mildly.

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