Generative AI Set to Transform Life Insurance Industry
Life insurance companies have a reputation for being something akin to an oil tanker – big, and slow. But their approach to incorporating generative AI (GenAI) into various functions of their businesses can hardly be claimed to be thus.
Evaluating the Accuracy of Mortality Risk Scores: An RGA Analysis
In their most recent white paper, RGA experts Guizhou Hu, Mark Ma, and Taylor Pickett use Milliman risk scores as examples to introduce two risk score accuracy concepts that have been widely documented and applied in statistical literature.
Analysis Shows Decreasing Mortality Risks for Black, Hispanic Life Insurance Applicants
Data scientists from LexisNexis Risk Solutions examined mortality trends before and after the pandemic, especially as those trends pertained to underserved populations. The findings were presented during the Society for Insurance Research’s Annual Conference this week in Cincinnati.
In late 2022 Gen Re Medical Directors first noticed bizarre ECGs present in PI files from primary insurers. These “perfect” ECGs were performed by paramedical examiners and included with facultative files for reinsurance coverage. Initially they were very rare, but we have seen them become more common.
Exploring the Impact of Lifestyle Factors on Mortality and Morbidity Using UK Biobank Data
With interest in wellness rising rapidly across the insurance industry, a research collaboration between RGA and the University of Leicester seeks to provide critical insights to enhance underwriting and pricing for wellness products, as well as to inform consumers on ways to improve their health and longevity.
In this report, SCOR’s underwriting experts talk about health and life risks associated with professional and amateur rugby players, providing a deeper understanding of how complex and increasing risks should be considered during the professional rugby players’ insurance application process.