Accelerated underwriting (AU) programs give life insurers new ways of assessing medical and financial risks for some applicants more quickly than traditional underwriting programs. The Society of Actuaries Research Institute recently commissioned Milliman to conduct two surveys on AU practices of direct companies and reinsurers. The report identifies recent AU practices of the respondents and compares results of the 2022 survey with those of 2019, offering insights into the evolution of AU programs and practices, especially in light of COVID-19. Sections in the report include:
- Direct company – AU practices
- Reinsurer – AU practices
- Regulator survey results