Translating the risk
Article Abstract:
Underwriting foreign nationals has become an important market segment for life insurance companies. The significance of this market niche is driven by the substantial rise in the number of foreigners with business, investment or family ties in the US, as spurred by the emergence of a global market and the increased employment of foreigners by multinational corporations. To take advantage of the opportunity presented by this niche, a number of carriers have set up offices overseas and developed relationships with stockbrokers and law firms serving these individuals.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Keeping up the flow: in 1996, the life insurance industry's lapse ratio fell to lows not seen for two decades
Article Abstract:
The life insurance industry's lapse ratio, a key indicator of the life industry's persistency, inched down to 8% in 1996, sinking further than the previous low lapse ratio of 8.3% in 1994 after climbing slightly by 0.3 percentage points in 1995. Since 1984 when the lapse ratio logged a record high of 14.1%, it has gradually dropped and even showed improvement for nine years. This is attributed to better focus on market research, stricter underwriting practices, a change in its product mix and the writing of more complex business.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Paint a complete health picture
Article Abstract:
Field producers need to obtain comprehensive and accurate health information from elderly life insurance applicants to enable home office underwriters to make accurate health risk evaluations. Field producers need to be more perceptive, sensitive, polite and tactful in obtaining health information from senior citizens. The elderly often fail to mention potentially significant symptoms because they think those symptoms are normal for their age.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Expanding the scope of malpractice. Insurers fight back on health care. Debate heats up on privatizing social security disability
- Abstracts: A rising tide lifts all. Struggling to find a common voice. Privatizing crop coverage opens insurance market
- Abstracts: Taking stock. Getting instant answers can be a slow process
- Abstracts: Taking insurance to the bank. Euro: a four-letter word for expensive. Adapting to the Web: a new survey says insurers fare poorly online, but better days are coming
- Abstracts: Boarding the IMSA train. The state(s) of the alternative markets. Life reinsurers step forward