Going Beyond Biometrical Underwriting
Either through online application processes and simplified underwriting, or by more advanced data analysis – using, for example, facial recognition – the underwriting process is going to change. What the exact developments will be and how they finally affect our industry is not yet 100% clear.
Underwriting Update from America (ALUCA RiskeBusiness)
This update is based largely upon findings from our 2018 New Business Critical Issues Survey. It was conducted over a span of six months stating in October 2017. Chief underwriters from 93 insurers offering individually underwritten life insurance participated in this survey.
LOMA Resource: Global Update - Pressures and Possibilities
What effect will changing—and challenging—economies, politics, and regulations have on life insurance companies worldwide?
Frictionless Business and the Future of Life Insurance
The age of traditional business partnerships is long past. Today, strategic partnerships offer life insurers the ability to expand their businesses into new ecosystems. Whether investing in insurtechs or collaborating with partners in complementary industries, life insurers can build partnerships based not only on strategy, product and services but also on the merging of technology and the sharing of platforms.
Life Conference Report: The Changing Industry (LOMA Resource)
At the 2018 Life Insurance Conference, industry leaders discussed important issues and strategies that will shape the future of the industry.
Emerging Trends in Life Underwriting
There have been a number of changes in the insurance landscape in the recent past which present challenges for the consumer, advisor and underwriter. Last year, some carriers changed their position on marijuana usage by offering their clients non-smoker rates. There have also been recent legislative changes regarding genetic testing that impact life insurers.
How Will Genomics Impact Medical Underwriting?
Progress in genomics is creating opportunities and threats for medical underwriting in both health and life insurance.
Players, Principles and Paradigm Busters (LOMA Resource)
Insurance is a complex business comprised of lots of moving pieces. Here’s a peek at who wants in the game, what the rules are, who wants to change them—and more.
How AI Anxiety Is Creating More Jobs For Humans
Some experts predict a boom in jobs meant to ensure that AI systems keep in step with legal and regulatory obligations, ethical responsibilities, and community standards.
The Amazonization of Life Insurance
In theory, it is the depersonalization of the consumer experience and process in search of the cheapest and easiest alternative in doing business. Life insurance is unfortunately one of those entities subject to these forces, whether by Amazon or by other methods insurers are now using to amalgamate the process.