Accelerated Underwriting (A) Working Group

Life Insurance and Annuities (A) Committee
Accelerated Underwriting (A) Working Group
Annuity Disclosure (A) Working Group (disbanded)
Annuity Suitability (A) Working Group
Life Insurance Illustration Issues (A) Working Group
Life Insurance Online Guide (A) Working Group
Life Actuarial (A) Task Force
Experience Reporting (A) Subgroup
Guaranteed Issue (GI) Life Valuation (A) Subgroup
Indexed Universal Life (IUL) Illustration (A) Subgroup
Index-Linked Variable Annuity (A) Subgroup
Longevity Risk (E/A) Subgroup
Variable Annuities Capital and Reserve (E/A) Subgroup
Valuation Manual (VM)-22 (A) Subgroup
Retirement Security (A) Working Group (disbanded)

2021 Adopted Charge

The Accelerated Underwriting (A) Working Group will:

Consider the use of external data and data analytics in accelerated life underwriting, including consideration of the ongoing work of the Life Actuarial (A) Task Force on the issue and, if appropriate, drafting guidance for the states.

Calendar

Public Conference Call
Thursday, July 29, 2021
11:30 AM ET, 10:30 AM CT, 9:30 AM MT, 8:30 AM PT
Expected Length of Call: 1 hr
Webex Link

Discuss latest draft accelerated underwriting educational report.

Public Webex Meeting
Friday, March 19, 2021
9:00 AM ET, 8:00 AM CT, 7:00 AM MT, 6:00 AM PT Expected Length of Call: 1 hr
Webex Link

Hear update from Ad Hoc Drafting Group

Public Webex Meeting
Tuesday, November 17, 2020
6:00 AM ET, 5:00 AM CT, 4:00 AM MT, 3:00 AM PT Expected Length of Call: 1 hr
Webex Link

Interim meeting in lieu of the Fall National Meeting.

Hear updated from the ad hoc drafting subgroup and the ad hoc liaison subgroup.

Public Conference Call
Wednesday, July 08, 2020
1:00 PM ET, 12:00 PM CT, 11:00 AM MT, 10:00 AM PT
Expected Length of Call: 1 hr
Diamond Pass Link

Hear a presentation from Tricia Matson (Risk and Regulatory Consulting, LLC)

See all Current Exposure Drafts

Comments are due July 30, 2021

Accelerated Underwriting in Life Insurance Part 1 revised Part 2 7-8-21

Comments are due May 28, 2021

Accelerated Underwriting in Life Insurance Part 1 5-17-21

Comments received

F&G Ann&Life Comments on Part 1

Swiss Re Comments Part 1

ACLI Comments Part 1

CIR Comments Part 1

CEJ Comments on Part 1

CEJ Redlined Part 1

Lapetus Solutions Part 1

1. Brookings Institution’s Artificial Intelligence and Emerging Technology (AIET) Initiative, January 13, 2020, “Ethical algorithm design should guide technology regulation”
https://www.brookings.edu/research/ethical-algorithm-design-should-guide-technology-regulation/

2. AM BEST article December 19, 2019
Devine and Dorans: E-Health Records set to Turbocharge Life Underwriting

3. Presentation by Patrick Brockett to NAIC Accelerated Underwriting (A) Working Group, December 8, 2019,
Accelerated Underwriting

4. CEJ comments to the Accelerated Underwriting (A) Working Group, September 29, 2019
/sites/default/files/call_materials/cej_comments_auw_wg_190929.pdf

5. The National Law Review, May 29, 2019, “Insuretech and Beyond – An Evolving Litigation Landscape”
https://www.natlawreview.com/article/insuretech-and-beyond-evolving-litigation-landscape

6. CEJ presentation June 21, 2018 at NAIC Insurance Summit “Ethical Considerations of Big Data Analytics in Insurance: Challenges and Opportunities for Regulators”
C EJ Presentation

7. Presentation by Mary Bahna-Nolan at LATF in 2016 explain what AUW is and how it differs from traditional UW.
SI_AUW_LATFPresentation_12.8.2016

8. Society of Actuaries report on Emerging Underwriting Methodologies
2018 Delphi Study

9. The LATF Summer 2018 National Meeting materials have a presentation by Mary Bahna-Nolan summarizing the SOA report
2018 Summer National Meeting Exerpt

10. Society of Actuaries Survey Results regarding AUW (pages 9-11) and Predictive Analytics (pages 12-19)
predictive analytics underwriting report
11. Allianz Flyer #1 explaining their AUW products and process:
allianz accelerated uw flyer 1

12. Allianz Flyer #2 explaining their AUW products and process:
allianz accelerated uw flyer 2

13. NY DFS Circular Letter explaining the findings of its survey and what insurers must do to meet statutory requirements with their use of AUW:
Ins. Circular Letter No.

14. Exposure of proposed data elements for principles-based reserving data collection to be included in the Valuation Manual. Section 2, pages 30 to 36 specifies data elements for underwriting and includes data used for traditional and accelerated underwriting. AUW data elements are numbered 113 to 120
3-Appendix VM51 Data Elements

15. CEJ presentation that provides background on big data analytics, generally, and specific applications, including accelerated underwriting.
cej_presentation_irescds19_1_1…

16. LIMRA presentation to Big Data on 2018 study
LIMRA Underwriting

17. Presentation by Mary Bahna-Nolan
Mon021918TheWhyand What of AcceleratedUnderwriting

Related NAIC Publications

Minutes for recent national meetings are available for meeting attendees via an event app within 10 days after a meeting concludes. On the NAIC.org website, free access to meeting minutes is available 30 days after a meeting concludes. They are posted to the interactive agenda for each meeting tab on the meetings page. The Proceedings of the NAIC are made available after the minutes are adopted at each subsequent meeting and may be accessed via the NAIC Publications page.

Contacts

Media Inquiries
(816) 783-8909
news@naic.org

Jennifer R. Cook
Sr. Health & Life Policy Counsel, Government Relations
Phone: 202-471-3986

Please see the current Committee List for a complete list of committee members.

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