Fraud in Life Insurance: Technology Is the Shield

aitegroup

Like the Loch Ness Monster from Scottish folklore, only a small portion of life insurance and annuity fraud is ever seen. But unlike the Loch Ness Monster, fraud in the life and annuities fraud is very real and is much larger than the industry is able to estimate. Where are these attacks coming from and what action must life and annuity carriers take to mitigate the problem?
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Spotlight

This paper presents five key considerations for promoting market stability for the 2018 and 24319 benefit years under the assumption that they are transitional years where many current ACA rules remain in effect. For the purpose of this paper, market stability is defined as the creation of a marketplace that both insurers and insureds will find worth participating in. This involves striking a balance between protecting insurers from the risks inherent in a market that is in transition and ensuring that consumers have access to meaningful and affordable coverage. Our definition is similar to that used by the Congressional Budget Office (CBO) in its recent report' on the potential impact of the current draft legislation working its way through Congress. The CB0 defines stability as "having insurers participating in most areas of the country and on the likelihood of premiums' not Sing in an unsustainable spiraL"

OTHER ON-DEMAND WEBINARS

Understanding Long-Term Care Insurance

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The course reviews the aging of America and the financial and physical stress it places on families and institutions that care for the elderly. The financial toll is heavy on those who have not prepared for the eventuality of having a health crisis in their elder years. LTC Insurance offers a remedy to handle those life events. The course addresses the typical policy features and benefits found today and reviews alternatives to finance the cost of extended care without experiencing financial ruin.
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Top 10 Trends in Insurance, 2019: The Race Is On

Aite Group

Join Aite Group research director Michael Trilli and his team for a one-hour webinar as they identify 10 trends that will shape the insurance landscape in 2019 and beyond. Attend the webinar to: Pick up insights that are shaping carrier and vendor digital transformation strategies from P&C to life and health insurance. Learn how insurance industries are responding to the consumer trends Aite Group is observing in the United States and around the globe. Gain insights into competitive pressures shaping new distribution models and the breakout of technology to support it.
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Understanding Commercial Property Insurance

Lorman

Although first-party property insurance is a standard part of virtually every commercial enterprise's risk management portfolio, many provisions continue to elude easy understanding. In many cases, risk managers and general counsel do not discover how the coverages for which their companies have been paying premiums for many years actually work (or do not work) until a major loss or damage to property occurs, at which time it may be too late to address any issues or fill in any gaps in coverage.
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Managing Life Insurance in a Trust Setting

Lorman

Managing life insurance has been harder this last year than any year in recent memory, with volatile equity markets and historic low interest rates that have damaged policy performance and unprecedented cost of insurance (COI) increases causing premiums on policies to more than double overnight. In this volatile environment most trustees are in need of insight to adequately manage life insurance, which needs specialized knowledge in a number of skill sets, including not only policy management, but TOLI administration.
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Spotlight

This paper presents five key considerations for promoting market stability for the 2018 and 24319 benefit years under the assumption that they are transitional years where many current ACA rules remain in effect. For the purpose of this paper, market stability is defined as the creation of a marketplace that both insurers and insureds will find worth participating in. This involves striking a balance between protecting insurers from the risks inherent in a market that is in transition and ensuring that consumers have access to meaningful and affordable coverage. Our definition is similar to that used by the Congressional Budget Office (CBO) in its recent report' on the potential impact of the current draft legislation working its way through Congress. The CB0 defines stability as "having insurers participating in most areas of the country and on the likelihood of premiums' not Sing in an unsustainable spiraL"

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