Cancer Mortality Patterns in Insured Lives
For life insurers, a major source of mortality risk mitigation is prudent underwriting at the time of application, which should ultimately reduce future claim costs. One way to refine the underwriting process is through measuring the impact of underwriting using insurance claims experience.
Preparing for Artificial Intelligence before its Too Late
Intelligence and awareness of our own being are two fundamental pillars of being human. But what happens when they’re no longer uniquely human traits?
Mortality Trends with Alzheimer’s Disease (Slides)
Slides from Dr. Brian Ivanovic’s presentation at the SOA Underwriting Issues & Innovations Seminar, Aug 1-2, 2016 in Chicago have been posted.
(Go to “Medical Topics” at the 8:05-9:40am time slot to download PDF)
Predictive Modeling Case Study – Life Insurance Underwriting
Vince Granieri, FSA, MAAA, EA from Predictive Resources presents a case study of applying predictive analytics to a classical actuarial problem: life insurance underwriting.
MIB Mortality Risk Analysis Committee: Diabetes Study (Video)
This video presents findings from a recent study on diabetes conducted by the MIB Mortality Risk Analysis Committee.
The link to the study is here: http://www.mibgroup.com/pdf/2016_06_diabetes_study.pdf
Mortality Rates are Rising for White Middle-Aged Americans
White, middle-aged Americans are dying at rising rate according to a recently published report in the Proceedings of the National Academy of Sciences. The trend, which commenced in 1999, is not demonstrated in any other economically well develop country. Nor is it demonstrated in black and Hispanic Americans.
Agile Methodology: The Future of Insurance Product Development?
“Agile” development is all the buzz in the IT world. You may have heard your IT teams talk about “scrums,” “sprints,” and “the war room” and wondered if they were playing a strange new sport. Or perhaps you are already applying agile techniques in your product development. This article will discuss what agile methodology is, the pros and cons, and how you might apply it to insurance product development.
(click on February 2016, article appears on page 20)
Protecting Bradley: Making Life Insurance More Relevant to Millennials
Demand for mortality protection is closely tied to life cycle. At the early stages of adult life, the need for income protection rises as people finish their education, start a job, get married, buy a house and have children. In a few coming years, the millennials—those born between 1981 and the late 1990s—will be the segment with the largest need for mortality protection.
(Article starts on page 28)
The Added Value of Medical Testing in Underwriting Life Insurance
In present-day life-insurance medical underwriting practice the risk assessment starts with a standard health declaration (SHD). Indication for additional medical screening depends predominantly on age and amount of insured capital. From a medical perspective it is questionable whether there is an association between the level of insured capital and medical risk in terms of mortality. The aim of the study is to examine the prognostic value of parameters from the health declaration and application form on extra mortality based on results from additional medical testing.