When Is Screening Essential?
The proper assessment of current health is essential for underwriters to come to the best (and hopefully most aggressive) decision on policy pricing. This is straightforward when tests and current assessment of well being have been done by an attending physician and favorable results lead to standard and preferred issues. What about screening tests for health that assess risk and allow both the doctor and patient/insured to look for disease that isn’t currently causing symptoms?
Dementia - The Presence of Mind
Dementia is a topic that is aired with increasing frequency in the media – perhaps due to raised awareness but certainly as a response to demographic change. The subject also arises in the context of life and health insurance product development, underwriting and claims.
Shisha – the practice of smoking tobacco or non-tobacco alternatives in waterpipes – is becoming increasingly popular worldwide. Mr Devesh Anand of RGA Reinsurance Company Middle East Limited looks into the health risks of shisha and the underwriting considerations involved.
5 Life Insurance Game Changers
This year will see huge decreases in underwriting times for those who take advantage of new technologies.
Predictive Analytics Articles (SOA)
The Society of Actuaries is providing a selection of articles on the use of predictive modeling. Articles included in the PDF package:
- Risk Segmentation: Application of Predictive Modeling in Life Underwriting
- Predictive Modeling Techniques Applied to Quantifying Mortality Risk
- Utilizing Frequent Itemsets to Model Highly Sparse Underwriting Data
- Producing Actionable Insights from Predictive Models Built Upon Condensed Medical Records
- Predicting Emergency Room Frequent Flyers
Looking Ahead: The 10-Year Forecast (LOMA Resource)
What will the insurance sector be like in 2025? Resource turned to some seasoned executives for answers. Here’s what they had to say.
Thyroid Cancer - Critical Threat?
Strong arguments support cancer screening in a clinical setting, but for insurers offering Critical Illness (CI) policies it could mean they receive claims for tiny tumors that are anything but serious. Affordable access to sensitive imaging technology has the potential to drive a massive rise in the numbers of insignificant cancers being detected.
Here Is Why Half of Financial Executives Say Google or Amazon Could Change the Way We Buy Life Insurance
Ask more than 50 industry leaders for their thoughts on the life insurance market, and you’re bound to get a wide range of answers. But if there’s one thing on which many of them agree, it’s that change is coming.