How your Selfie could affect your Life Insurance
A selfie reveals more than whether it's a good hair day. Facial lines and contours, droops and dark spots could indicate how well you're aging, and, when paired with other data, could someday help determine whether you qualify for life insurance.
Carriers Using Simplified Issue to Better Serve Consumers
In an effort to underwrite more quickly and accurately, carriers are exploring simplified issue products, according to a new LIMRA study.
Automated Underwriting: The Industry Turns a Corner
It’s widely understood that a faster and easier life underwriting process is needed in order to penetrate the underserved middle and growing millennial markets. Carriers also believe that a better buying experience would produce more sales – and fewer dropped sales – in the upper middle and affluent markets.
Insuring HIV - Q&A with Dr. Dan Zimmerman
Recently, RGA’s Dr. Dan Zimmerman spoke to the Association of Home Office Underwriters (AHOU) about the history of HIV/AIDS and insurance, and how risk modeling can reasonably conclude that some individuals with HIV can now be candidates for life insurance coverage. We sat down with Dr. Zimmerman to discuss his presentation and the paradigm shift in the availability of life insurance for people with HIV.
Opinion: How Artificial Intelligence is Transforming Insurance
The insurance industry seems like a natural setting for artificial intelligence to take root. Solutions providing fraud analysis against claims data has been in place for some time at many companies, enabling rapid settlements with a high degree of assurance that fraudulent claims can be spotted before checks are cut and delivered. There’s also nothing new about automated underwriting at the front end of the policy lifecycle, assuring that most routine applications are processed and priced in the most expedient manner.
3D Printing – Set to Revolutionize Medical Treatment (SCORacle Newsletter)
3D printing or, as it’s also known, additive manufacturing, rapid prototyping or solid free form technology used to be the manufacturing industries best kept secret. This technology is now revolutionizing many industries not least medicine. 3D printing applications in medicine can provide many benefits from customization and personalization of medical products to organ replacement.
The Monstrous Obstacle in Life Insurance Underwriting
Talk to any life insurance company and they will tell you that attending physician statements (APS) (also referred to as digital or electronic medical records) are the biggest delay in underwriting new applications.
Obesity Trends Threaten Continued Mortality Improvements
The United States has enjoyed a trend of steadily improving age-adjusted population mortality over the past 80 years. However, two epidemics, obesity and opioid drug abuse, are threatening the extension of that trend. This issue of Housecalls addresses some aspects of the obesity epidemic.