Tom Fletcher, PartnerRe’s Global Head of Data Science Consulting, discusses the needs for valid, relevant, consistent and fair data – the key to successful model evaluation.
The purpose of this study was to evaluate the protective value offered by IntelliScript’s Medical Data product and the types of risks/impairments that it helps identify.
Since repricing on renewal isn’t an option for many of these products, and that underwriting for the moment remains a once-and-done effort, getting it right the first time is critical.
Munich Re Life US assessed Milliman Irix® – Risk Score with Medical Data, a predictive modeling tool developed and owned by Milliman that assesses mortality risk through the combination of an individual’s prescription drug history and medical claims records.
A recent article published by Clinical Reference Lab and ExamOne showed the protective value for tobacco testing exceeded $4 billion. Using the same time frame (2015-2022) and 18 million record dataset, we now describe the additional value associated with testing for undiagnosed diabetes and hypertension worth $2.6 billion.
The number of people living after a cancer diagnosis (i. e. prevalent cases) has been increasing for the past 30 years, reaching around 5 % of the total population in several countries.
After looking at Disparate Impact Testing in our previous blog, where we provided background on the concepts of algorithmic accountability and proxy discrimination, this blog will describe the current, evolving regulatory environment and make some projections about the future.
Accelerated underwriting, or a AU, as a fluidless alternative to traditional full life insurance underwriting, can speed the insurance process and provide better coverage and pricing options for applicants.
The industry is still wrestling with mortality assumptions related to Covid-19, and how shifts may affect the life insurance underwriting process.
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.