Improving Accelerated Underwriting Results by Putting Behavioral Economics Into Action
Life insurers have taken a fresh look at their established traditional underwriting practices as they consider and implement streamlined accelerated underwriting (AU) options, removing the need for paramedical exams and/or fluid collection for qualified applicants.
A Pivotal Role in an Era of Acceleration and Change: How Actuaries and Underwriters Can Partner to Facilitate Innovation
As part of an ongoing series in On the Risk, RGA's Taylor Pickett, an actuary, and Catie Muccigrosso, an underwriter, examine the relationship between their professions and underscore the crucial role underwriters play in the development and implementation of predictive tools and accurate pricing.
Impaired Risk Review: The Need for Underwriter Follow Up
Many applications have APS trails that read like a suspense novel. There is a medical condition, oftentimes a serious one, that has an intervention, and the trail ends. Perhaps it is a chronic condition, with unknown degree of control or stability that leaves no clue as to the present status.
Hypertension, or high blood pressure, is a common medical problem. It can be caused by a number of other medical conditions such as chronic kidney disease, thyroid disorders and other hormonal upsets, and a rare adrenal gland tumor called pheochromocytoma.
Understanding Post-Traumatic Stress Disorder – A Brief Overview
Post-traumatic stress disorder (PTSD) was first introduced into the Diagnostic and Statistical Manual (DSM) of the American Psychological Association in 1980. Since then, the diagnostic guidelines have been reviewed multiple times, and the understanding of risk factors, neurobiological consequences and psychological symptoms has improved dramatically.
The Promise of Liquid Biopsy in Advancing Cancer Diagnosis and Treatment
RGA’s consultant oncologist, Dr. Radi Counsell, discusses the ways liquid biopsies will change the face of cancer care, from screening and diagnosis to treatment monitoring and surveillance of survivors. Dr. Counsell also examines underwriting and claims adjudication implications of this emerging technology.
Unleashing the True Potential of Automated Underwriting
The pandemic has forced the industry to hasten its embrace of automation. By the start of this year, over 40% of life insurers had either already incorporated some degree of accelerated and automated underwriting into their new business process, or had imminent plans to do so. This was a dramatic increase from 18% the year before – according to research from Celent.
Have you noticed that the word invasive is being bandied about more and more often in underwriting-related articles and commentaries published online and in various industry publications? This is mainly being done by those advocating radical changes in underwriting practices.
The purpose of this paper is to discuss the insurability implications of low normal/ below normal ALT in the elderly… in the hope that insurers will consider adding appropriate guidelines for this finding at older ages.