The THiNK Blog

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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 Life Underwriting, Underwriting Expert Series

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 Ultimate Guide to Life Insurance and InsurTech Conference Season

Sep 19, 2017 6:11:46 PM / by Megan Gardner posted in InsurTech

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10 Must Attend InsurTech Conferences and Events 2017-2018

Sep 19, 2017 6:08:44 PM / by Megan Gardner posted in InsurTech

If you couldn't tell from part I of this guide, InsurTech is making its way onto several agendas for the 2017-2018 life insurance conference season. Given the huge impact it is having on the insurance industry, it should be no surprise that InsurTech has taken on a conference life of its own. Part II of my guide explores the top InsurTech conferences happening all over the world and what you can expect from them.

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Global Trends in Life Insurance [Part 2] How are insurers approaching millennials?

Sep 6, 2017 4:43:17 PM / by Elliott Dickson posted in Underwriting

 In Part 1 of our Global Trends in Life Insurance series, we looked at product innovations in wearable tech, the offering of coverage to HIV-afflicted clients and the switching to non-smoker class rates for marijuana users. In Part 2 of this series, we will focus on millenials and wearable technnology trends, as well as quicker and simple medical testing that can provide instant results.

When it comes to innovation in the life insurance space, developing products that attract the millennial generation seems to be a major trend in the US. And it is something that will likely expand to other areas of the world as the millennial generation gains more buying power. Nonetheless it is definitely on our radar for global trends in life insurance product innovations.

While our friends at Cookhouse Lab are currently tackling this challenge in an innovation sprint, I am going to look at what is currently happening in the market.

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Global Trends in Life Insurance Product Innovations

Aug 25, 2017 1:18:26 PM / by Elliott Dickson posted in Underwriting

The speed of the life insurance industry can be excruciatingly slow. But as new technology emerges, the more agile insurers will move to harness it in the hopes of enhancing existing product lines or constructing new ones altogether. So too is there a need to attract new markets and generations to buy in to life insurance – the baby boomer population is aging, and perhaps that pool of insurance clients has become a bit exhausted.

With the vast majority of the insured population being over the age of 45, the focus must eventually shift to a younger demographic. What are some of the ways that insurers are approaching this? What new products are being employed to appeal to older or substandard risk populations? In this blog I’ll explore what’s making waves in the sea of life insurance ahead.

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19 of the Best Job Interview Questions to Ask Underwriting Candidates (And What to Look for in Their Answers)

Aug 17, 2017 3:02:33 PM / by Seema Samad posted in Underwriting

As a hiring manager, interviews should help you accomplish two things. One, get a better sense of the candidate's knowledge, skills and ability to handle situations specific to their role. Two, get a sense of the candidate's personality. Asking questions to understand both the professional and personal side of a candidate will give you a true sense of who you are. Plus it will help you identify well-rounded, dynamic talent - which is key to developing an all-star team.

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