The THiNK Blog

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What is the Connection Between Concussions & Critical Illness? Expert Series Week 13

Sep 26, 2018 4:01:45 PM / by Karen McLeod posted in Underwriting Expert Series, Underwriting, Life Underwriting

 

Welcome to our thirteenth installment of our Underwriting Expert Series. Check out the full series for more risk assessment tips. This week, our Senior Underwriter, Karen McLeod provides the essential knowledge you need to know as a life underwriter with regards to Concussions for Critical Illness (CI) and Life Insurance. Let's get right into it!

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Will Pharmacogenetics Impact Life Underwriting? Expert Series Week 12

Aug 17, 2018 2:02:52 PM / by Garen Markarian posted in Underwriting Expert Series, Underwriting, Life Underwriting

It's Week 12 of our Underwriting Expert Series, and we are excited to be exploring an overview of Pharmacogenetics with Senior Underwriter, Garen Markarian. Make sure to subscribe to our blog to receive the latest expert series in your inbox.

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Identifying and Life Underwriting Colon Cancer: Expert Series Week 11

Jul 23, 2018 9:55:00 AM / by Karen McLeod posted in Underwriting Expert Series, Underwriting, Life Underwriting

For this edition of our Underwriting Expert Series, Senior Underwriter, Karen McLeod, provides a detailed overview of the importance of colon cancer for life underwriters. As the second leading cause of death from cancer in men and third leading cause in women, it is imperative that life underwriters learn how to recognize and insure this disease.

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What Information is Crucial to Underwrite COPD? - Expert Series Week 10

Jun 28, 2018 3:30:28 PM / by Karen McLeod posted in Underwriting Expert Series, Underwriting, Life Underwriting

In this installment of our Underwriting Expert Series, Senior Underwriter, Karen McLeod continues the discussion on COPD. If you haven’t read part one, check it out for an overview of what life underwriters need to know about COPD. Then, read below to discover key information underwriters should consider when underwriting applicants with COPD. 

Why is This Important to Life Underwriters?

Underwriters with a strong understanding of COPD will know what to look for in their cases and be able to better identify when a case may be an uninsurable risk.

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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 451, 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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How to Onboard New Underwriters

Aug 8, 2017 5:00:52 PM / by Miguel Ceron posted in Underwriting, underwriting training

Picture this. It is your first day of a new job. You show up bright eyed and bushy tailed ready to seize the day and take on your new role. But to your dismay, you are left sitting at your desk for the first week awkwardly twiddling your thumbs and wondering how to appear to look busy. Maybe thinking, does this company even care that I'm part of the team? Not the greatest start you were hoping for in your newest adventure. And as a manager, probably not how you want your new hire to feel. Not to mention having someone trying to look busy is seriously unproductive. How can you eliminate this and make new hires feel like the made the right choice from day 1?

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How Low Stakes Activities Result in High-Impact Learning for Underwriters

Jun 27, 2017 3:11:29 PM / by Nick Durie posted in E-Learning / Training, Underwriting

At a recent talk I did at the CIU in Ottawa (How’s Bragging Camp? It’s going very well, thank you), my goal was to illustrate that when training is complete for a new underwriting hire, it does not mark the end of learning. Does an existing or seasoned underwriter require less knowledge acquisition or skills training once on the job? Of course not! With changes in medical advances, industry policy changes, and new products on the market, the very nature of the underwriting profession requires learning to be ongoing. Unfortunately there are some challenges and barriers that get in the way. However, as you'll discover by the end of this article, you can create high impact learning experiences by implementing low stakes activities. Let's first explore the challenges... 

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Why Recruiting Dynamic Talent = An All-Star Underwriting Team

Jun 22, 2017 3:41:40 PM / by Miguel Ceron posted in Underwriting, Training, E-Learning / Training

You have a gap on your underwriting team and are recruiting to fill the position. What kind of person are you looking for? What kind of person are you not looking for? While you have a set of skills and knowledge in mind, the recruiting process isn’t always as simple as finding a candidate with x years of experience or y and z qualifications. Plus, qualifications aren’t the ‘be all, end all’.

We are firm believers that hiring for fit is paramount - especially when you are hiring someone into a team environment. To cultivate a high performing team – being able to work collaboratively and demonstrate a thirst for learning are key assets.

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