Company Practice Survey of Individual Life Insurance Accelerated Underwriting

June 2019

The Reinsurance Section, Product Development Section and the Committee on Life Insurance Research are pleased to present preliminary results from a company practice survey of individual life insurance accelerated underwriting. Performed by a Milliman team led by Al Klein and Karen Rudolph, the study provides perspectives from both direct life insurance companies and reinsurers. Among the areas addressed include the structure of accelerated underwriting programs, how programs are monitored, how accelerated underwritten business is performing relative to expectations and how companies are considering accelerated underwriting cohorts in the context of VM-20 assumption setting. The report recaps a presentation of the preliminary results from the 2019 Life and Annuity Symposium. The final results are expected to be available later in 2019. 

Report

Company Practice Survey of Individual Life Insurance Accelerated Underwriting

Thank You

The Sponsors would like to thank the companies that participated in the study and the individuals who served on the Project Oversight Group:

George Hrischenko - Chair        Illya Golanek

Mary Bahna-Nolan                     Jason Jump

Sue Bartholf                                Nathan Mecray

Luc Bergeron                              Donna Megregian

Sean Conrad                               Murali Niverthi 

Lauren Cross                               Mary Simmons

Andy Ferris                                  Mervyn Kopinsky, SOA Experience Studies Actuary

Gershon Firestone                       Jan Schuh, SOA Sr. Research Administrator

                                                    Ronora Stryker, SOA Sr. Practice Research Actuary 

Questions or Comments?

If you have comments or questions, please send an email to research@soa.org.