“Keep a diary or journal. Record your reflections on your life experience in a journal. You will find this simple practice to be invaluable in your quest for wisdom.” Warren Bennis (March 8, 1925 – July 31, 2014) was the distinguished professor of business administration and founding chairman of the Leadership Institute at the University […]
Monday I restarted a food diary. The recollection of my indiscipline over the past several months plus a recent online article on this topic reminded me of the effectiveness of writing down what you eat especially if you want to lose weight or maintain what was lost. Put simply I’ve been bad. Time once again […]
Journaling, it seems, is one of the most successful strategies for achieving long-term weight loss.[3-4] It increases a person’s awareness of what they’re eating and helps to unveil habits and patterns of eating. A Kaiser Permanente study with 1,700 participants found that those who kept food diaries six days a week lost twice as much […]
Female participants who consumed an avocado a day as part of their meal had a reduction in visceral abdominal fat — the hard-to-target fat associated with higher risk — and experienced a reduction in the ratio of visceral fat to subcutaneous fat, indicating a redistribution of fat away from the organs. However, fat distribution in […]
With food inflation absolutely skyrocketing I decided to write a post about finding bargains. Yes, bargains in the grocery store. A little while ago I boasted about finding a dozen eggs for $0.89 and wrote Egg Salad (because you will be eating more eggs). Well eggs in my part of the world are no longer this […]
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.