Industry Directions: Our Annual Forecast (LOMA Resource)
Life insurance companies continue to recalibrate in the face of new regulations, evolving technologies and customer expectations, and more. Of great concern are new regulations, with the (currently delayed) Department of Labor’s fiduciary rule taking center stage. Another year of low interest rates is placing pressure on profitability. Finally, insurers have no idea how tax reform, on which Congress was working at press time, might affect life insurance and retirement products that currently are tax advantaged.
Big Data Sharing and Predictive Modeling: 5 Things for Regulators to Consider
The U.S. market is ready to realize this potential from these expansive technologies and networks but a regulatory pathway needs to be established to safeguard adherence to our core insurance principles and an individual’s right of privacy.
The Internet of Things: Key Considerations for Life Insurers
Smart homes, telematics devices, autonomous cars – it is clear the “Internet of Things” (IoT) is having a big impact on the property casualty insurance industry. But what are the implications for life insurers? A tour of technological advances and changing customer expectations.
Genetic Testing Could Cause Anti-selection But Also Have Positive Impact on In-Force Book
Christian Mumenthaler, CEO of Swiss Re, discusses the impact technology may have on longevity risk, and on the life re/insurance industry. Recorded at the 14th Global Ageing Conference in Zurich.
Improving the New Business Process Survey Report
The Improving the New Business Process Survey Subcommittee of the Society's Committee on Life Insurance Mortality & Underwriting Surveys has completed their report on the results of a survey to examine the various changes life insurance companies have recently made, or are thinking of making, to improve the new business process.
Stroke in Younger Adults - Have Improvements Reached Their Limit?
Age remains the most consistent risk factor for ischaemic stroke. Surprisingly then an estimated 10% of diagnoses are now seen in people below the age of 50.
Underwriting and Claims: Thinking about Critical Thinking
Critical thinking may be the most essential, if underappreciated, facet of any underwriting process. RGA's Mark Dion shares highlights from an Academy of Life Underwriting webcast on this topic, which he shared at RGA's Underwriting University.
Genetic Testing – What Does the Crystal Ball Really Reveal?
Knowing the basics of genetic testing and its underlying science is the first step in understanding genetic testing’s potential impact on insurance. Genetic testing is best defined as the analysis of DNA, RNA, chromosomes, proteins and metabolites in relation to heritable risks, traits, and conditions.
9 Details That Could Be Signs of Life Insurance Fraud
Fraud has already made plenty of headlines this holiday season.
Impaired Lives May Be Hot: RGA
The world's biggest life and health insurers may be putting more energy into developing new underwriting strategies for older, sicker people than for younger, healthier people.