Players, Principles and Paradigm Busters (LOMA Resource)
Insurance is a complex business comprised of lots of moving pieces. Here’s a peek at who wants in the game, what the rules are, who wants to change them—and more.
Mortality Rate Improvements – End of an Era, For Now…
Improvements in mortality rates characterized the twentieth century – the trend of living ever longer and healthier lives seemed assured. Recent mortality rates, however, point to a change. The positive trend has slowed. But why? Are all ages affected? And surely medical advances will anyway have us back on track asap?
Technology is Streamlining the Process of Issuing Life Insurance Policies
Life insurance is undergoing a renaissance of sorts. The industry is slowly transforming from one entrenched in the old-age archaism of paper and manual processes to one embracing digital technology and artificial intelligence, which benefits consumers via a more enjoyable sales experience and better product pricing.
Rheumatoid Arthritis – an Overview
Since RA is not uncommon it will always play an important role for insurers on various levels such as pricing, product wording, underwriting or claims handling.
Insights that Help Insurers Improve Precision Underwriting in the Life Insurance Market
At the recent Association of Home Office Underwriters (AHOU) meeting, Executive Vice President, Betsy Sears, shared insight that our data analytics team has collected and analyzed comparing self-disclosure to positive confirmations of various laboratory tests. Our insurance clients tell us consistently that fraud is a top concern – whether intentional or unintentional applicant nondisclosure, it can cost companies millions.
Busted: Top Five Myths About Accelerated Underwriting
As accelerated underwriting programs grow more prevalent in the industry, some carriers may feel they are falling behind. But this may be more perception than reality. The following article from RGA addresses common misconceptions around accelerated underwriting and dispels many of the myths about implementing an accelerated underwriting program
Things should certainly be looking up in terms of bronchogenic carcinoma (lung cancer). The number one cause of preventable disease and death in the United States, less and less people are smoking than ever before. According to the Center for Disease Control (CDC) 2016 statistics, the percentage of smokers in the period since World War II has dropped from over 43 percent to under 16 percent of U.S. adults. And newer treatments for lung cancer are being broadcast on television advertisements regularly. It should certainly mean improved underwriting with this disease by all standards.
Travel Risks & Life Underwriting
Conditions within a country can change rapidly at any given time. When assessing and classifying an applicant’s travel related risk, it is important for underwriters to review the relevant U.S. Department of State Travel Advisory information in its entirety.