Accelerated Underwriting (A) Working Group

2024 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 Webex Meeting
Tuesday, August 06, 2024
12:00 PM ET, 11:00 AM CT, 10:00 AM MT, 9:00 AM PT
Expected Length of Call: 1 hr
Webex Link

1) Discuss comments on July 11 Draft Regulatory Guidance received by July 26 deadline; and 2) Consider possible adoption.

Public Webex Meeting
Thursday, July 11, 2024
12:00 PM ET, 11:00 AM CT, 10:00 AM MT, 9:00 AM PT
Expected Length of Call: 1 hr
Webex Link

Discuss comments on regulatory guidance and referral received by June 30 deadline.

Public Webex Meeting
Wednesday, April 03, 2024
12:00 PM ET, 11:00 AM CT, 10:00 AM MT, 9:00 AM PT
Expected Length of Call: 1 hr
Webex Link

Discuss Next Steps

AUWG agenda 4-3-24.pdf

Public Webex Meeting
Wednesday, February 22, 2023
3:00 PM ET, 2:00 PM CT, 1:00 PM MT, 12:00 PM PT
Expected Length of Call: 1 hr
Webex Link

Discuss draft regulatory guidance document and referral to the Market Conduct Examination Guidelines (D) Working Group.

Public Conference Call
Thursday, March 24, 2022
11:00 AM ET, 10:00 AM CT, 9:00 AM MT, 8:00 AM PT
Expected Length of Call: 1 hr
Webex Link

Meeting in Lieu of meeting at the 2022 Spring National meeting. Consider adoption of final AUWG Educational Paper

Public Conference Call
Wednesday, February 23, 2022
3:00 PM ET, 2:00 PM CT, 1:00 PM MT, 12:00 PM PT
Expected Length of Call: 1 hr
Webex Link

to discuss the comments received on the latest 1-25-22 AUWG draft educational paper. The comments are due February 11, 2022.

Public Webex Meeting
Monday, December 06, 2021
12:30 PM ET, 11:30 AM CT, 10:30 AM MT, 9:30 AM PT
Expected Length of Call: 1 hr
Webex Link

Discuss Comments received on AUWG 11-8-21 Draft

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

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

See all Current Exposure Drafts

COMMENTS ON THE JULY 11, 2024 DRAFT GUIDANCE DOUMENT ARE REQUESTED BY COB JULY 26, 2024

AUWG Regulatory Guidance - July 11 Draft

COMMENTS ON THE JUNE 3, 2024 DRAFT GUIDANCE DOCUMENT AND DRAFT REFERRAL REQUESTED BY COB JUNE 30, 2024

AUWG Regulatory Guidance - June 3 Draft

Comments received

1 - ACLI

2 - Consumer Reps

AUWG Referral to Market Conduct Examination Guidelines (D) Working Group - June 3 Draft

Full Guidance with Appendices (PDF)

Explanation of revisions to June 3 Drafts

COMMENTS ON JAN 11, 2023 DRAFT REFERRAL REQUESTED BY MARCH 24, 2023

AUWG Referral to Market Conduct Examination Guidelines (D) Working Group

Comments received

1 - cej_comments_naic_auwg_230324_mceg_wg_referral_0.pdf

COMMENTS ON THE JAN 25, 2023 DRAFT GUIDANCE DOCUMENT ARE REQUESTED BY APRIL 14, 2023

AUWG Draft Regulatory Guidance Document

Comments received

1 - ACLI%20Comments%20on%20the%20AUWG%20Draft%20Regulatory%20Guidance.pdf

2 - CEJ%20Comments%20on%20AUWG%20Draft%20Regulatory%20Guidance_0.pdf

3 - CIR%20Comments%20on%20AUWG%20Draft%20Regulatory%20Guidance.pdf

4 - Connecticut%20DOI%20Comments%20on%20Draft%20Regulatory%20Guidance.pdf

Additional Resources

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

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Adopted by A Committee on April 7, 2022

Accelerated Underwriting In Life Insurance Educational Report

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Contacts

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

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

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