Centro de Documentacion de Fundación MAPFRE - Dire diagnosis : COVID-19, the great recession, and the coming underwriting apocalypse

MAP20200028055

Dire diagnosis : COVID-19, the great recession, and the coming underwriting apocalypse / Hank George

Sumario: In the past 20 years, two new approaches to life underwriting have been widely embraced by life insurers. We call them super-simplified and accelerated. Both were intended to curry favor with Producers and customers by speeding up the underwriting process while also reducing new business acquisition costs. Super-simplified underwriting enabled insurers to offer substantial amounts of coverage despite fewer application questions and less detailed risk assessments (including no paramedicals or laboratory tests). Higher premium rates compensated for these cutbacks in evidence of insurability

En: Contingencies : American Academy of Actuaries. - Washington : American Academy of Actuaries, 2019-2024. - 01/09/2020 September-October 2020 , p. 30-38

1. COVID-19 . 2. Pandemias . 3. Mercado de seguros . 4. Perspectivas del seguro . 5. Seguro de vida . 6. Coberturas . I. Title.

Dire diagnosis : COVID-19, the great recession, and the coming underwriting apocalypse

Dire diagnosis : COVID-19, the great recession, and the coming underwriting apocalypse