I tend to waste a lot of time watching other people cook on YouTube. But every now and then I actually make a dish I’ve watched someone else make and say to myself, this is a keeper. “I make simpler things in a simpler way, now—as you get older your metabolism changes and you want […]
A healthy diet including whole fruits, but not fruit juice, may play a role in mitigating T2DM risk. Associations Between Fruit Intake and Risk of Diabetes in the AusDiab Cohort — The Journal of Clinical Endocrinology & Metabolism, dgab335, https://doi.org/10.1210/clinem/dgab335 Link to the journal study above. But if you want the highlights play the video […]
Turtle Rescue Mission-2021 Behind our house a block away is a stream. Over the years I’ve performed a number of turtle rescues. Some were swept into the neighborhood streets by storms. Others are obviously lost and end up in the backyard. I found this little one in our garage. I put her into a bucket […]
I just bought a dozen large eggs for $0.89. This is an inexpensive sandwich filling! First boil some eggs. Add the eggs to a saucepan and fill with cold water. Bring water to a boil and immediately remove from heat. Cover and let the eggs bathe for 12 minutes. When time’s up carefully drain the […]
Obesity is a Chronic Condition: Obesity is a chronic and often progressive condition not unlike diabetes or hypertension. Successful obesity management requires realistic and sustainable treatment strategies. Short-term “quick-fix” solutions focusing on maximizing weight loss are generally unsustainable and therefore associated with high rates of weight regain. Core Principles of Obesity Management — https://www.drsharma.ca/core-principles-of-obesity-management Tues 6/8 […]
I don’t really understand what underwriting is, let alone accelerated underwriting. I looked it up and read a couple articles from Google, but still don’t understand it. I know it has something to do with risk. I remember when my mother was in her 80s, I had to look around for quite a while to find a policy that would still cover her. She was going to be dropped by her old one. Actually with my mother as I recall it was an annuity not life insurance. So that may be different.
Remember I come from a life insurance background, underwriting specialist at your service. Put simply the underwriting process is risk selection, deciding who qualifies for coverage and at what price. It has been my life’s work to understand the things that impact an individual’s longevity and charge premiums appropriately.
Accelerated means time to issue. Companies are shortening the time it takes to underwrite by streamlining processes and using alternative data sources instead of medical records from doctors and hospitals.
Your clear concise reply explains this concept so much better than multiple google pages. Thank you!
Is this different from an actuary?
Yes. Actuaries use complex models to set prices for large groups of people. Underwriters work supports the actuarial pricing model on a case by case basis. Bad underwriting = lower or no profits. Bad actuarial pricing means the company is really screwed.