A small but significant amount who have “recovered” from the acute phase of the illness still have a degree of disability which affects their day-to-day living. These are the “long haulers”—those in whom COVID has spared in the short term but in whom we have truly no idea of what the long term prognosis will be, either morbidity or mortality wise.
Because of the pandemic, more people than ever are seeking out life insurance — just as insurers seek ways to identify people who have had COVID-19, and in some cases deny them coverage.
Multiorgan symptoms after recovery from COVID-19 are increasingly being reported. RGA conducts a comprehensive evaluation of 'long COVID' and other trends among survivors of the virus and addresses important underwriting and claims considerations.
One year after the outbreak of COVID‑19, it has become apparent that patients who have recovered from the acute illness may still struggle with long-term consequences.
How much do different factors influence COVID-19 mortality risk versus all-cause mortality risk? RGA’s Global Data Insights team set out to answer this question through a thorough analysis and comparison of COVID-19 and all-cause mortality risk factors for the population of England.
How insurers use big data and artificial intelligence to support their claims and underwriting strategies is likely to accelerate as a result of the Covid-19 pandemic.
Prior to COVID-19, 46% of American adults did not own life insurance and of those who did, many were underinsured, according to research by the Life Insurance and Marketing Research Association.
Less than a year ago it would have been excessive, if not redundant, to issue a 90-day impaired risk underwriting update. Not so in 2020.
The industry has been talking about the “future of UW” for decades, but now COVID-19 has “accelerated the inevitable” and the future is now.
We must chart a course that continues producing robust mortality gains absolutely critical to our bottom lines … despite the challenges posed by the incipient 2020 Great Recession and the protean consequences of the COVID-19 pandemic. This article identifies and discusses core factors that I believe will determine how all of this sorts out over the next decade. It also suggests how we can greatly minimize mortality-related adversities via prudent changes in how we underwrite life insurance.
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