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2022 Accelerated Underwriting Practices Survey Report

November 2023 

Authors

Al Klein, FSA, MAAA
Justin Li, FSA, MAAA
Milliman, LLC

Description

The Society of Actuaries Research Institute is pleased to make available a research report summarizing the findings of two Accelerated Underwriting surveys conducted by Milliman to direct companies and reinsurers. Sponsored by the Marketing & Distribution, Product Development, Reinsurance and Smaller Insurance Company sections, the purpose of the study was to not only determine how practices have changed, but also how they have changed because of COVID-19.

Report

2022 Accelerated Underwriting Practices Survey Report

Acknowledgments

The Society of Actuaries would like to thank the Project Oversight Group for their review and insights into the report.

Project Oversight Group members:
Jean-Marc Fix, FSA, MAAA, Chair
Mary Bahna-Nolan, FSA, MAAA, CERA
Susan Bartholf, FSA, MAAA
Sean Conrad, FSA, MAAA
Lauren Cross, FSA, MAAA
Jia Fei, FSA, MAAA
Andy Ferris, FSA, MAAA
Gershon Firestone, FSA, MAAA
Bruce Friedland, FSA, MAAA
Illya Golanek, FSA, MAAA, CERA
Ryan Holt, FSA
William Mehilos, FSA, MAAA
David Moore, FSA, MAAA
Renee West, FSA, MAAA

At the Society of Actuaries Research Institute:
Cynthia MacDonald, FSA, MAAA, Sr. Director, Experience Studies
Jan Schuh, Sr. Research Administrator
Ronora Styker, ASA, MAAA, Sr. Practice Research Actuary

Questions or Comments?

Give us your feedback! Take a short survey on this report. Take Survey

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