Among the areas addressed include the structure of accelerated underwriting programs, how programs are monitored, how accelerated underwritten business is performing relative to expectations and how companies are considering accelerated underwriting cohorts in the context of VM-20 assumption setting.
When one looks at a curve of the mortality rates by age in developed countries, we notice a very regular pattern. Especially the middle-age groups - age 30 to 70+, for example - seem to have close to an exponential curve in mortality rates.
The impact of genetic testing on the insurance industry will continue to be an important topic of actuarial research for some time as insurers address its effect on pricing and valuation. Insurance product development opportunities may also emerge to capitalize upon the genetics revolution. This paper explores the implications for the insurance industry.
RGA shares basic steps insurers can take to prevent overfitting for more accurate predictive models.
The Society of Actuaries sponsored a Delphi study to gather expert viewpoints regarding emerging underwriting methodologies and their impact on future mortality experience.
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.
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?
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)
Vince Granieri, FSA, MAAA, EA from Predictive Resources presents a case study of applying predictive analytics to a classical actuarial problem: life insurance underwriting.
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