Underwriting and Claims: Thinking about Critical Thinking
Critical thinking may be the most essential, if underappreciated, facet of any underwriting process. RGA's Mark Dion shares highlights from an Academy of Life Underwriting webcast on this topic, which he shared at RGA's Underwriting University.
Genetic Testing – What Does the Crystal Ball Really Reveal?
Knowing the basics of genetic testing and its underlying science is the first step in understanding genetic testing’s potential impact on insurance. Genetic testing is best defined as the analysis of DNA, RNA, chromosomes, proteins and metabolites in relation to heritable risks, traits, and conditions.
9 Details That Could Be Signs of Life Insurance Fraud
Fraud has already made plenty of headlines this holiday season.
Impaired Lives May Be Hot: RGA
The world's biggest life and health insurers may be putting more energy into developing new underwriting strategies for older, sicker people than for younger, healthier people.
Life Insurance for the Digital Age: An End-to-End View
This article provides an overview of various innovative solutions supporting an end-to-end underwriting process for life insurance products.
Article appears in Issue 108, November 2017 on page 4
Understanding the Product Development Process of Life and Annuity Companies
Performed by LIMRA and RGA, this project consisted of a survey of North American life insurance and annuity companies and examined current insurer PD processes including the evolution of the current strategy; variation of the strategies by company characteristics (e.g., size, life vs. annuity) and region (e.g., United States vs. Canada vs. Other companies); and identified leading PD practices globally. The results of the research can provide the life insurance industry with a resource to help enhance resource management and current processes to better serve the needs of its stakeholders.
Key Strategies for Growth in the Impaired Lives Segment
Today, promising opportunities and market action can be found in the impaired lives segment. In fact, RGA’s 2017 Global Underwriting Survey revealed that one third of large and multinational insurers surveyed have created or plan to create dedicated underwriting strategies that focus on the impaired lives segment in the coming years.
So the question now is: How can insurers turn dedicated focus into profit?
Are you Seeing These 6 Trends Changing the Life Insurance Risk Landscape?
Our recent conversations with insurance partners highlight six prevalent risks at the top of mind for industry leaders today.