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

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<subfield code="a">Postclaim underwritting and the verification of insured information</subfield>
<subfield code="b">: evidence from the life insurance industry</subfield>
<subfield code="c">Jill M. Bisco, Kathleen A. McCullough, Charles M. Nyce</subfield>
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<subfield code="a">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.</subfield>
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<subfield code="a">McCullough, Kathleen A.</subfield>
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<subfield code="a">Nyce, Charles M.</subfield>
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<subfield code="t">The Journal of risk and insurance</subfield>
<subfield code="d">Nueva York : The American Risk and Insurance Association, 1964-</subfield>
<subfield code="x">0022-4367</subfield>
<subfield code="g">01/03/2019 Volumen 86 Número 1 - marzo 2019 , p. 7-38</subfield>
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