Accelerated Underwriting Regulator Survey

Authors

Allen M Klein FSA MAAA
Milliman

Karen Rudolph FSA MAAA
Milliman

Description

The SOA Research Institute engaged Milliman to perform a study examining life insurer practices on accelerated underwriting and how COVID-19 has impacted them. This effort included a separate outreach to actuaries working for twelve different state insurance departments. At the time of this report, three responses to our regulatory survey had been received. Therefore, the results of the three-question survey are discussed in broad terms, rather than using numerical measurements.

The second survey in the accelerated underwriting project examining individual life insurer practices such as how accelerated underwriting is being used within a company and what goes into creating an accelerated underwriting algorithm will be opened in early October. Companies interested in participating should contact Ronora Stryker at rstryker@soa.org.

Report

Accelerated Underwriting Regulator Survey

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