The THiNK Blog

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What is the Impact of the Opioid Crisis on Life Underwriters? - Expert Series Week 4

Feb 23, 2018 6:11:00 AM / by Garen Markarian posted in Underwriting Expert Series, Life Underwriting

This is the fourth edition of our Underwriting Expert Series. Make sure to catch up on the rest of the series here. This week, Senior Underwriter, GarenMarkarian, explores the opioid crisis, how it impacts the life insurance industry and what life underwriters need to consider when assessing applicants with current or past usage.

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Will the increasing availability of genetic testing results have an impact on life insurers? – Expert Series Week 3

Dec 29, 2017 5:54:13 PM / by Elliott Dickson and Garen Markarian posted in Underwriting Expert Series, Life Underwriting

Thanks for tuning into the third edition of our Underwriting Expert Series. So far, we’ve covered underwriting mature ages and the impact of legalized marijuana on underwriting. This week we are exploring another newsworthy topic that will impact the life insurance industry: genetic testing. 

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5 Reinsurance Treaty Frustrations (And The Consequences They Have)

Dec 27, 2017 5:07:54 PM / by Muy-Hieng Yam posted in Reinsurance Treaty

Tackling a reinsurance treaty can be a comparable experience to tackling an obstacle course. You’re not sure when a surprise will pop up, there is little consistency between obstacle courses and it can be down right frustrating when you can’t find what you are looking for.

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The Impact of Marijuana on Insurance - Expert Series Week 2

Dec 18, 2017 6:30:00 AM / by Garen Markarian posted in Underwriting Expert Series, Life Underwriting

Welcome to the second edition of our LOGiQ3 Underwriting Expert Series! Each week, one of our life underwriters will provide an in depth look at an important topic for life underwriting professionals.  

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Underwriting Mature Ages - Expert Series Week 1

Dec 11, 2017 5:09:59 PM / by Karen McLeod posted in Underwriting Expert Series

Welcome to the first edition of our new LOGiQ3 Underwriting Expert Series! Each week, one of our life underwriters will provide an in depth look at an important topic for life underwriting professionals.  

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How to Choose Your Specialization in Underwriting (And Convince Your Boss to Pay For It!)

Nov 30, 2017 5:34:03 PM / by Megan Gardner & Elliott Dickson posted in underwriting training

Remember that super scary moment back in high school when it was time to decide what you wanted to be when you ‘grow up’. AKA choose the path you wanted to take in university or college. You go to school and either stick to the path, take a couple of detours or maybe change directions altogether. Regardless of the path you took, you have now successfully kicked off a career in underwriting...and are reading this blog.

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How Managing Your Life Underwriting Team is like Playing a Game of Chess

Nov 20, 2017 2:29:52 PM / by Darlene McFadden posted in Life Underwriting

Managing resources  on your underwriting team is a tricky balance.  In fact, I’ve often heard to it referred to as a game of chess.  Like chess, it requires you to always be looking ahead and making the right move at the right time. But even the most skilled chess players encounter challenges.  When they are challenged, what do they do? 

Instead of hastily making a move, they step back and take a hard look at what’s in front of them.  They carefully consider the possible outcome of the chess piece they are about to move.  They anticipate what move their opponent may make and the impact their move may have.  Then they carefully and methodically move their chess piece.

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How to Detect Knowledge Gaps in Your Life Underwriting Team

Oct 23, 2017 5:58:04 PM / by Nick Durie

Winter is here its time to tighten the bootstraps. I mean that both literally and figuratively.

Literally because if you live in the northern hemisphere, you know what’s coming. And figuratively, if you’re a Life Underwriting Manager, the combined pressure to finish year end strong and plan for the following year is always an uber-laid back and relaxing time.

Just kidding, of course. This sprint to the end of the year is always fraught with balancing competing priorities and business pressures including:

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The Risk of Inaccurate Life Reinsurance Treaty Data: Why Actuaries Should Care

Oct 11, 2017 12:01:40 PM / by Raymond E. DiDonna posted in Reinsurance Treaty

What are the risks of having inaccurate treaty data in your reinsurance administration system? Are those risks top of mind for actuaries? While the impact of inaccurate treaty data might not be apparent on a day-to-day basis, over the long term, they present serious risk for insurance companies.

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The Cost of Misinterpreting Treaty Language in Life Reinsurance

Sep 29, 2017 9:52:38 AM / by Charles Gordon posted in Reinsurance Treaty

As life reinsurance professionals, we know that reading and interpreting a treaty is no easy task. While treaty language has progressed over the years, to a more standardized language, the older agreements are still relevant in today’s reinsurance eco-system.

On any given day, reinsurance analysts could be working with treaties that look very different from one another. The lack of consistency makes it increasingly harder to accurately interpret the intentions of treaties. When intent and clarity are not clear, misinterpretations occur which can put your company at risk.

Find out what happens when treaty language is misinterpreted, why it occurs, and how to prevent it from happening.

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