Risk Insights – Vol. 19, No. 3 – Summary
Issue: October 2015 | Life | Download PDF | English | Chinese | Français By Kimberley Wang , Life/Health Account Manager, Sydney Ross Campbell, Life/Health Chief Underwriter, Research & Development, London Joanne Tan, Life/Health Actuarial Associate, Singapore
Gen Re New Zealand Disability Income Experience
by Kimberley Wang
Gen Re has been collecting data on individually written DI policies in New Zealand since 1994. Our latest industry study covers the years 2008 to 2012 and offers valuable insight into important trends, such as claim incidence, payment and termination rates. This article combines high-level data from the study with an analysis of the findings and the implications for DI writers in this market and elsewhere.
Digital Health – The Revolution in Health Management
by Ross Campbell
An increasing number of people are actively using technology to generate personal health information based on their lifestyles. Two parallel sources of medical information are evolving: records held by doctors and new data created by consumers. This has healthcare providers thinking differently about patients. For insurers it means considering how digital health data could integrate with traditional methods used in underwriting and claims.
Monitoring Health Business in Singapore – Why Is It so Critical?
by Joanne Tan
The health insurance business is more volatile than that of its life insurance counterpart. While good product design, prudent pricing and careful risk selection help to provide a good foundation for a profitable product, external factors — such as medical inflation, utilization patterns and fraud — may significantly affect the outcome of the business. The article explores why close monitoring can help ensure that problems are identified and rectified promptly.