Postclaim underwritting and the verification of insured information : evidence from the life insurance industry

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<title>Postclaim underwritting and the verification of insured information</title>
<subTitle>: evidence from the life insurance industry</subTitle>
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<name type="personal" usage="primary">
<namePart>Bisco, Jill</namePart>
</name>
<name type="personal">
<namePart>McCullough, Kathleen A.</namePart>
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<name type="personal">
<namePart>Nyce, Charles M.</namePart>
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<abstract>This research investigates information verification by life insurers with respect to postclaim underwriting through denied and resisted claims. We provide a theoretical model to explore the optimal strategy for insurers regarding preloss versus postclaim underwriting. Using differential cost structures, the model predicts that it is possible for some insurers to follow a strategy of postclaim underwriting while others do not. Evidence of this is found in the empirical analysis. Insurers that postclaim underwrite are identified by a decrease in underwriting expenses and an increase in the claim investigation expense in conjunction with increases in denied and resisted claims.</abstract>
<note type="statement of responsibility">Jill M. Bisco, Kathleen A. McCullough, Charles M. Nyce</note>
<subject>
<topic>Seguro de vida</topic>
</subject>
<subject>
<topic>Reclamaciones</topic>
</subject>
<subject>
<topic>Estrategias</topic>
</subject>
<subject>
<topic>Underwriting reserves</topic>
</subject>
<subject>
<topic>Suscripción de riesgos</topic>
</subject>
<subject>
<topic>Modelos predictivos</topic>
</subject>
<subject>
<topic>Cálculo diferencial</topic>
</subject>
<classification authority="">341</classification>
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<titleInfo>
<title>The Journal of risk and insurance</title>
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<publisher>Nueva York : The American Risk and Insurance Association, 1964-</publisher>
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<identifier type="issn">0022-4367</identifier>
<identifier type="local">MAP20077000727</identifier>
<part>
<text>01/03/2019 Volumen 86 Número 1 - marzo 2019 , p. 7-38</text>
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