Description: In this video Jenna Fariss, ASA MAAA, delves into the nuanced relationship between actuaries and underwriters. She highlights the fundamental differences in their approaches to risk assessment. The discussion dives into the challenge of predicting individual mortality accurately, addressing concerns like anti-selection and the integration of predictive models and machine learning into underwriting practices. Ultimately, the session underscores the evolving landscape of mortality risk assessment, blending traditional methods with innovative techniques for a dynamic future in the insurance industry. Contributors : Jenna Farris, ASA, MAAA; Jon Forster ASA, MAAA; Mark Gardiner

Description: Experts from both the direct and reinsurance side of the table will provide an overview of final expense products and their key features, as well as share experiences that have informed best practices when designing, selling, managing, monitoring and reinsuring these products. Trends in distribution, underwriting tools and other competitive factors will be considered through the lens of managing risk while remaining competitive in the market.

Description: In this video Jenna Fariss, ASA MAAA, delves into the nuanced relationship between actuaries and underwriters. She highlights the fundamental differences in their approaches to risk assessment. The discussion dives into the challenge of predicting individual mortality accurately, addressing concerns like anti-selection and the integration of predictive models and machine learning into underwriting practices. Ultimately, the session underscores the evolving landscape of mortality risk assessment, blending traditional methods with innovative techniques for a dynamic future in the insurance industry. Contributors: Jenna Fariss, ASA, MAAA, Anthony Champi, ASA, MAAA; Jon Forster ASA, MAAA, Mark Gardiner

Description: The following video features Jenna Fariss, ASA MAAA. Jenna has over 25 years experience as an actuary and is now a Director and Actuary at Milliman IntelliScript. Jenna served in a volunteer capacity for the Society of Actuaries as an author, presenter, and council member. In this video, Jenna delves into the historical roots and contemporary practices of underwriting in the insurance industry, particularly focusing on life insurance. From its origins to its modern applications in assessing mortality risk, the narrative follows the evolution of underwriting techniques, including the use of various tools and technologies to evaluate applicant’s health status. It explores the trade-offs between comprehensive underwriting processes and expedited, simplified approaches, shedding light on industry regulations like HIPAA, and their impact on information accessibility and underwriting practices. Ultimately, it sets the stage for further exploration of how emerging technologies are shaping the future of underwriting. Contributors: Jenna Farris, ASA, MAAA; Sam Behrend, FSA, MAAA; Jon Forster ASA, MAAA, Mark Gardner, Anthony Champi, FSA, MAAA