Simplified Underwriting and Application Language

Sophie Clement

In Brief

Contact RGA to learn more about simplified issue.

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Over the years, insurance carriers have sought to underwrite and issue more policies in less time and at lower costs.

Many insurance advisors might also say that today’s full underwriting process is not only long, but can be daunting for the advisor as well as the applicant.

See also: Simplified Issue in Asia: Five Keys to Effective Screening Questions

As a result, many insurance carriers have been developing products with simplified underwriting. This article discusses the main approaches to simplified underwriting, their advantages, and associated risks, and how insurers can mitigate these risks.

For another look at this topic, please see: A Guide to Simplified Underwriting

Contact RGA to learn more about simplified issue. Reprinted with permission of ON THE RISK, Journal of the Academy of Life Underwriting (www.ontherisk.com).

Meet the Authors & Experts

Author

Sophie Clement

Director and Product Manager (former) Living Benefits RGA Canada

Simplified Underwriting and Application Language

Over the years, insurance carriers have sought to underwrite and issue more policies in less time and at lower costs.

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Meet the Authors & Experts