Insurance Models That Appeal to Millennials
Millennials have shown a clear shift in interests and priorities from other generations. They are willing to pay more for a product so long as they perceive its added value.
Life Carriers Lag Behind In Customer Tech Support
These days, people can bank through their smartphone, trade stocks online and instantly view their investments – all thanks to the latest Internet and mobile technology.
Unfortunately, the same can’t be said about life insurance.
Impaired Risk Underwriting and the Immediate Annuity Market
Ten years ago, seven carriers were active in the SPIA impaired risk market. Now, only one major participant remains. What happened?
QuickStats: Age-Adjusted Death Rates from Cancer, by U.S. Census Region and Year — United States, 1970–2013
The age-adjusted cancer death rates increased significantly from 1970 to 1990 in each census region in the United States. The rate increased an average of 0.16% per year in the Northeast, 0.38% in the Midwest, 0.71% in the South, and 0.27% in the West. Since 1990, the rates have decreased at an ever faster rate, down on average by 1.41% in the Northeast, 1.02% in the Midwest, 1.15% in the South, and 1.30% in the West each year.
The Future of Underwriting - It is Nearly Here!
Recent technological and medical advancements are enabling easy access to medical information, bringing challenges and major opportunities for insurers. So what do these technological and medical advances mean for underwriters? This paper explores the implications of these changes.
Predictive Modeling and its Applicability in Life Insurance (Presentation)
Presentation by Tim Heslin and Nabaneeta Sirkar, AIG Life, Health and Disability Business delivered at Actuaries’ Club of Southwest 2015 Spring Meeting.
Life Insurers Face New Health Threats
New health risks have been presenting clear challenges for life insurers as they seek to analyze, understand and assess the potential impact of these risks on mortality and morbidity and then develop strategies for mitigation. Dangers include antimicrobial resistance, pandemics and health problems linked to climate change. RGA Vice President and Medical Director Dr. Daniel Zimmerman explores the implications of emerging and re-emerging health risks in A.M. Best.
A Glimpse Into Our Elderly Underwriting Survey Results
Since 2008, Gen Re has tracked risk selection practices among elderly applicants in the U.S. individual life insurance market. We conducted our most recent survey last year.