The debate regarding marijuana use and its legalization rages on with little hope that the smoke will clear any time soon. Marijuana, or cannabis – its internat ional and scientific name – is the third most popular recreational drug in America, after alcohol and nicotinecontaining products. As such, it presents a multitude of underwriting challenges.
Obesity is both preventable and reversible. But for those whose weight has spiralled out of control into severe obesity, controlling it and losing it through diet and exercise alone often proves ineffective.
The Reinsurance Section, Product Development Section and the Committee on Life Insurance Research announce the release of a new report that investigates life and annuity living benefit riders and their implications from both a direct writer and a reinsurer perspective
Big data is an often talked about topic, which is also referred to as predictive analytics. Actuaries have a unique skillset to understand and harness the complexities of data and the insights that can be gained from predictive models.
By June 11, 2015, nine deaths were attributed to Middle East Respiratory Syndrome (MERS) in South Korea, where 130 cases had been confirmed. It is the largest outbreak of the viral disease recorded outside the Arabian Peninsula so far.
With decades of underwriting experience to research, the author reviews some of the criteria commonly used to try to answer the question: “We have done well in the past, but could the industry use its criteria to make risk selection more effective?”
Ever considered wearing clothing that monitors your heart rate and helps reduce stress? It’s not so far-fetched - something similar is already patented. Along with telematics, “wearables” like this belong to the fast-expanding group of Internet-connected tools known collectively as Usage Based Devices (USB).
It certainly isn’t an uncommon occurrence. An offer on a submitted case comes back worse than you were expecting. Or worse than you hoped. Or, heaven forbid, as a decline. While you know not every case comes back with a positive outcome, you’ve reviewed the particulars and feel a better offer could still be placed. What’s your next option?