In the first installment of this blog, we broke down the basics of Critical Illness (CI) insurance and what you need to know to successfully write CI business. Knowing the basics of CI is also the starting point for a claims professional. It is important to understand the challenges you might come across when dealing with Critical Illness. This principal is something that is beneficial to any role – know the barriers so that you have a plan to overcome them.
The holidays are over, our list of goals for 2016 is ready and life seems to be falling back to normal… but wait, a major change is coming to Canada which will likely have an impact on the life insurance industry, and more specifically on life insurance claims. We are getting closer to the anniversary of the historical decision on physician-assisted suicide made by the Supreme Court of Canada. As a claims professional, you can imagine that I have a vested interest in this topic as it relates directly to (and will certainly have an impact on) many of the claims services I provide.
Here is a summary of the decision that was made in early 2015 on Physician-Assisted Suicide in Canada:
Appreciated the opportunity to attend the International Claims Association Annual Meeting in Orlando, FL a week or so ago and to present on a panel on “Reinsurance 101 – Claims Audits”. Getting to visit face-to-face with colleagues is always a good opportunity to learn what’s currently relevant and to exchange views.