Mon 11 Jul 2022 - This talk presents the work of the Data and Modelling workstream of the IFoA Mental Health Working Party. We explore data and modelling considerations in the risk assessment and underwriting of mental health conditions. We will also consider how newer risk factors and improved data availability might open up opportunities for additional underwriting and product designs.
The main focus of our talk is on life insurance, but many of the principles discussed are likely to be translatable into other health and protection insurance products. Rather than being a prescriptive recommendation, our aim is for this presentation and our accompanying working party paper to form a basis of discussion for Members of the Profession and other insurance professionals.
Lisa Balboa is a Business Development Actuary at Hannover Re UK Life Branch and is passionate about supporting innovation across the protection insurance industry. Lisa is Deputy Chair of the IFoA’s Mental Health Working Party, championing increased awareness and understanding of mental health amongst actuaries and insurance professionals.
Zurich UK
Fraser is Underwriting Quality & Risk Manager at Zurich UK with over 20yrs experience in the protection industry. Fraser is passionate about improving access to insurance and ensuring underwriting outcomes for customers are fair and consistent. He is chair of industry group ASPiiN (Action for Suicide Prevention in Insurance).
Partner Re
Legal & General
RGA
Mental Health Working Party - Data and Modelling Considerations for Mental Health in Life Insurance