Integrated Analytics: The Next Generation in Automated Underwriting
We are experiencing the most rapid evolution our industry has ever seen. Incremental innovation has been underway for the last 10 to 15 years, but currently, the pace of change is truly frenetic. Today, we are competing with not only peer companies, but also start-ups, third-party solution providers and others from outside the life insurance industry, who recognize the potential to disrupt the industry we know so well.
If link below does not work, the article can be found here:
https://www.soa.org/sections/reinsurance/reinsurance-newsletter/ (article appears in Issue 89 on page 38)
Insurers Battle Against Companies ‘Born Digital’
Chat windows, faster policy statements, intuitive agent portals and robotic technologies are among the new generation of weapons insurers intend to use to compete with “born-digital” companies.
Half of Life Insurers Using Automated Underwriting
Half of life insurers have some type of automated underwriting solution in place and 41 percent of companies are in the planning process, according to LIMRA research.
The Changing Face of Underwriting
Facial analytics may play a key role in calculating future life insurance premiums thanks to a North Carolina technology firm claiming its platform returns lifespan estimates more accurate than traditional methods.
What Do You Think When You Think of "Data"?
RGA's Raimondo Guerra demystifies data and discusses the future of insurance. Questions or comments?
Recent Trends in Mortality by Cause of Death
The Centers for Disease Control and Prevention (CDC) regularly issues news releases regarding current trends in US population mortality. In June of 2016, articles in The Washington Post and The Wall Street Journal cited new CDC data from 2015 which showed a rise in the US mortality rate.
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Innovation in the Canadian Life Insurance Industry
The Canadian life insurance industry is seeing a wave of innovation across multiple fronts. Evolving customer expectations, shifts in distribution, emerging technologies, big data, and the threat of nontraditional entrants have insurers looking to drastically change the way they do business.
InsurTech for U.S. Life Insurance has Arrived
After three visits to Silicon Valley in three months I’ve come to the conclusion that InsurTech for the U.S. life insurance market has arrived. And the Genie isn’t going back into the bottle. U.S. InsurTech financing hit $1.377 billion in 2015, with the global figure about double that (CB Insights). No slowdown occurred in 2016.
Article begins on page 4.
Underwriting and Real Time Biofeedback (Slides)
Presentation by Jordi Posthumus on “The Rise of Mobile Computing and Its Impact on Life Underwriting” delivered at the 47th annual M.U.D. Group Conference.
Emerging Trends in Life Insurance Claims – What’s Next?
As life claim professionals we must continually be aware of changes and emerging trends within the life insurance industry that may affect claim operations. This article takes a high level look at a few of these trends, focusing on three areas: technology, resources and policies.