Description: This article details different methods for calculating mortality impact associated with new underwriting programs. A common simplified calculation is compared and contrasted with two first principles approaches. The strengths and weaknesses of both approaches are discussed.

Description: Milliman was engaged by the SOA to conduct two Accelerated Underwriting (AU) surveys, one of direct companies and another of reinsurers. The surveys explored actual results from 2019–2021 and expected results from 2022.

Description: In this interactive forum, presenters will share best practices to get the most out of your AU program. Explore trends in regulations, big data tools and predictive models. Case studies will be used to illustrate how monitoring results can provide actionable information for management to update programs and what it all means for accelerated underwriting programs. Attendees will come away with a better understanding of how tools are evolving, regulatory trends and best practices for explaining decisions to applicants, as well as targeted changes to accelerated underwriting programs

Description: The paper describes a cost-benefit analysis to determine the value of electronic health records (EHRs) in life insurance accelerated underwriting programs. Sample cases from a carrier were underwritten pre-EHR and post-EHR and the mortality savings estimates from risk class changes using EHRs was compared to procurement costs. Results were developed to cover a range of scenarios. Factors to consider for carriers evaluating the cost-effectiveness of using EHRs in their own accelerated underwriting programs are also described.

Description: This article highlights the findings of a recent SOA survey on accelerated underwriting (AU) practices, including the amount of AU business ceded, the results of three opinion questions, and an estimate of mortality slippage among AU programs.

Description: Description and welcome to the 2020 Canadian Reinsurance Conference including highlight of the key note speaker

Description: There are many ways to actively utilize BE approaches – and implementing these important tools can help insurers in many ways.

Description: Understanding the volatility associated with audit samples, as well as breaking out the different contributors to estimated mortality impact are vital tools in helping actuaries and underwriters make informed decisions about less invasive underwriting programs. This article walks through a sample example demonstrating how to calculate these metrics.