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

<?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.loc.gov/MARC21/slim http://www.loc.gov/standards/marcxml/schema/MARC21slim.xsd">
  <record>
    <leader>00000cab a2200000   4500</leader>
    <controlfield tag="001">MAP20200028055</controlfield>
    <controlfield tag="003">MAP</controlfield>
    <controlfield tag="005">20200924174940.0</controlfield>
    <controlfield tag="008">200911e20200901esp|||p      |0|||b|spa d</controlfield>
    <datafield tag="040" ind1=" " ind2=" ">
      <subfield code="a">MAP</subfield>
      <subfield code="b">spa</subfield>
      <subfield code="d">MAP</subfield>
    </datafield>
    <datafield tag="084" ind1=" " ind2=" ">
      <subfield code="a">341</subfield>
    </datafield>
    <datafield tag="100" ind1=" " ind2=" ">
      <subfield code="0">MAPA20110018450</subfield>
      <subfield code="a">George, Hank</subfield>
    </datafield>
    <datafield tag="245" ind1="1" ind2="0">
      <subfield code="a">Dire diagnosis</subfield>
      <subfield code="b">: COVID-19, the great recession, and the coming underwriting apocalypse</subfield>
      <subfield code="c">Hank George</subfield>
    </datafield>
    <datafield tag="520" ind1=" " ind2=" ">
      <subfield code="a">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.</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20200005599</subfield>
      <subfield code="a">COVID-19</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20080552022</subfield>
      <subfield code="a">Pandemias</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20080586294</subfield>
      <subfield code="a">Mercado de seguros</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20080611880</subfield>
      <subfield code="a">Perspectivas del seguro</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20080570590</subfield>
      <subfield code="a">Seguro de vida</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20080553630</subfield>
      <subfield code="a">Coberturas</subfield>
    </datafield>
    <datafield tag="773" ind1="0" ind2=" ">
      <subfield code="w">MAP20190020794</subfield>
      <subfield code="t">Contingencies : American Academy of Actuaries</subfield>
      <subfield code="d">Washington : American Academy of Actuaries, 2019-</subfield>
      <subfield code="g">01/09/2020 September-October 2020 , p. 30-38</subfield>
    </datafield>
  </record>
</collection>