Better Underwriting Decisions are Just a Heartbeat Away
Technological advances in biosensors and increasing amounts of heart rate data from wearable devices and electronic health records are leading to the development of more sophisticated underwriting algorithms. This data, when coupled with robust epidemiological evidence about the prognostic value of heart rate, may improve insurer understanding of cardiovascular risk and ultimately allow underwriters to better predict morbidity and mortality risk.
Don't Forget Your Free Underwriting Tool - The World Wide Web
With advancing technology and evolving underwriting tools, it may be easy to overlook what has now become an “old standard”, the World Wide Web.
Impaired Risk Review: Vaping
The call often comes in like this one: “My client does something called vaping. It’s not like smoking cigarettes—it’s much less toxic. He doesn’t do it that often. He can get a non-tobacco policy, right?” So, what is vaping? How toxic is it if at all? And can you get a non-tobacco policy?
No, Really...Underwriting Is Undergoing an Actual "Paradigm Shift"
A half century ago, physicist and philosopher Thomas Kuhn first coined the phrase “paradigm shift” to describe a fundamental change in assumptions. The term has since been over-applied to everything from economics to politics – even becoming the title of an episode of Star Trek! Yet while so often misused, I believe the term paradigm shift perfectly describes what is happening in underwriting today.
The Future is Now: Wearables for Insurance Risk Assessment
Wearables introduce a multitude of ways to monitor health. The quality and quantity of information supplied by wearables will transform how we manage our lives. There is a huge opportunity for life insurance companies to change the way we interact with our customers and to improve how we manage risk.
Medical Underwriting and the Mother of Invention
Life underwriting has a long history. It also has a history of successfully reinventing itself.
EHRs for Individual Life Insurance Underwriting: Case Study
Many life insurance carriers have implemented some type of accelerated underwriting program for life insurance. As promising as some of these programs are, however, there is still a balance between efficiency and risk management that needs to be maintained to facilitate continued growth.
STOLI - What You Don't Know May Cost You
Stranger-originated life insurance, “STOLI,” has probably been the single most frustrating, discussed, debated, and litigated topic in the life insurance industry for the past decade.