Gen Re is pleased to share this summary of key highlights from our 2022 Individual Life Accelerated Underwriting Survey. Thank you to our Steering Committee members who collaborated with Gen Re to review the study framework throughout 2021 and 2022.
Findings from RGA’s 2022 portfolio of surveys can help insurance leaders understand the past and better prepare for 2023 and beyond. Topics range from the continuing impacts of COVID-19, evolving approaches to digitalization, distribution topics, health insurance ecosystems, regional and market specific product development initiatives, and user satisfaction with underwriting and claims manuals.
Better understand the latest trends and developments in life and health insurance by exploring findings from RGA’s 2021 surveys.
Gen Re is pleased to present summary results of our 2021 Individual Life Accelerated Underwriting Survey.
Munich Re Life US conducted an accelerated underwriting survey to capture new and emerging trends in the U.S. individual life accelerated underwriting market.
Life and Health Insurance Underwriting is entering a “new normal”. The industry is moving beyond exploring new technologies, such as advanced data analytics and automation, to real-world applications. In this new environment, innovation is not seen as novel but as critical to the success of the insurance enterprise. Insurers are taking tangible steps to fundamentally change the ways that global life and health risks are underwritten.
This update is based largely upon findings from our 2018 New Business Critical Issues Survey. It was conducted over a span of six months stating in October 2017. Chief underwriters from 93 insurers offering individually underwritten life insurance participated in this survey.
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.
A recently commissioned study by Hank George, Inc. surveyed 110 direct-writing U.S. and Canadian life insurance carriers on fully underwritten businesses. The survey covered a variety of tobacco, alcohol, and drug use topics*. ExamOne asked consultant and former risk management director at Allstate Financial, Eric Hjerpe, to outline and expand upon some of the findings and trends he extracted from the survey results.
We recently completed a survey of US and Canadian life insurers asking about underwriting practices and perceptions related to assessing tobacco/nicotine, alcohol and drug use. Over 100 carriers participated.