Life

Not all that long ago, the most relevant question in the world of artificial intelligence (AI) was if this technology would make a significant impact on society.

Slides from this presentation, given at the 2018 ACSW Spring Meeting, have been posted at the Actuaries’ Club of the Southwest website.

For a few years now, John Hancock has offered its life insurance policyholders discounts on their premiums for visiting the doctor, working out, and buying healthy food at places like Walmart. Today, the Boston-based insurer is adding sleeping to that list. And meditating.

Progress in genomics is creating opportunities and threats for medical underwriting in both health and life insurance.

The underwriting automation engine has undoubtedly become a popular approach for many insurance organizations seeking to increase efficiencies and augment their workforces. While implementing this technology is likely vital to remain competitive, there is often a disconnect between the expectations and the reality of automation’s impact on underwriting operations.

Gambling and life insurance – a surprising yet oddly appropriate pair. That’s what I thought as I walked through The Bellagio doors on a sunny, April day in Las Vegas. I wasn’t there to play games of chance though – I was at the 2016 LIMRA Life Insurance Conference to learn about disruptive innovation examples in insurance

“Deaths of Despair,” an article recently appearing in the Wall Street Journal (WSJ), should have red flags flying throughout the underwriting community.

Insurance is a complex business comprised of lots of moving pieces. Here’s a peek at who wants in the game, what the rules are, who wants to change them—and more.

Improvements in mortality rates characterized the twentieth century – the trend of living ever longer and healthier lives seemed assured. Recent mortality rates, however, point to a change. The positive trend has slowed. But why? Are all ages affected? And surely medical advances will anyway have us back on track asap?

Life insurance is undergoing a renaissance of sorts. The industry is slowly transforming from one entrenched in the old-age archaism of paper and manual processes to one embracing digital technology and artificial intelligence, which benefits consumers via a more enjoyable sales experience and better product pricing.