The underwriting of mental health conditions has always been notoriously difficult. To properly assess such applicants an underwriter needs to look at the complete picture of not only the applicant’s health but also factors such as employment record and support network.
Slides from presentations delivered at the 2017 Southeastern Home Office Underwriters Association have been posted at the SEHOUA site. Presentations include:
- Analytics – Mind versus Matter
- Pharmacogenetics: Relevant or Not?
- Give Credit Where Credit is Due – The Value of Credit in Life Underwriting
- The Underwriting Profession at Risk: 4 Steps to Manage Career Morbidity
- Underwriting the High Mileage Applicant
- The Meaning of Underwriting
- Life after Bariatric Surgery
- Mental Illness Update
This article examines some of suicide’s impact on the U.S. life insurance industry, and also briefly looks at current practices and thoughts regarding suicide prevention.
https://www.soa.org/news-and-publications/newsletters/reinsurance/reinsu... (Click on March 2016, article appears on page 32)
At the present time, in the world mental illness represents the 5th leading cause of mortality and disability and the 3rd leading cause of sick leave and invalidity. 400 million people are affected by mental or neurological disorders, or suffer from psychosocial problems.
The release of the latest edition of the Diagnostic and Statistical Manual of Mental Disorders (DSM-5), a manual edited by the American Psychiatric Association, led to an outcry from many experts who felt the diagnostic tool labelled everyday problems as mental health disorders.
Diagnostic fashions are of keen interest to life and health insurance practitioners because they challenge current and traditional underwriting practice. The methodical processes by which risk selection guidelines are updated make speedy reaction to abrupt changes in diagnostics or medical practice problematic.
Individuals with mental health disorders have a risk of mortality that is two times higher than the general population or than individuals without such disorders, according to a new study.