RGA's Melissa Gallegos provides an overview of current foreign travel risk and urges insurers to remain vigilant and view every country as a world of its own.
GA has released its 2020 Foreign Risk Study, a comprehensive assessment of the relative mortality risk of 205 countries drawing on data from 2019, prior to the outbreak of COVID-19, and based on weighted rankings across 25 indicators grouped into six broad categories.
Conditions within a country can change rapidly at any given time. When assessing and classifying an applicant’s travel related risk, it is important for underwriters to review the relevant U.S. Department of State Travel Advisory information in its entirety.
There is probably no facet of underwriting that is more fluid in terms of day-to-day changes than foreign travel and foreign residence.