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The 2024 Pacific Life Underwriting Symposium took place recently with an excellent slate of discussion topics and life insurance industry representation.  Most platform discussions were in a panel format with Pacific Life, Distribution, Reinsurance, Retrocessionaire and Technology representatives contributing and participating. It's not often that we have the opportunity to pull together important life industry players to exchange views on critical and relevant underwriting topics that impact our businesses.  Congratulations go to Susan Ghalili and her team at Pacific Life for being ...

  Algorithmic and Predictive (aka Accelerated) Underwriting Hits a Speed Bump in New York In January of this year, the New York Department of Financial Services (DFS) issued an Insurance Circular Letter on the Use of External Consumer Data and Information Sources in Underwriting for Life Insurance.  According to the DFS, the purpose of the Letter was "to advise insurers authorized to write life insurance in New York of their statutory obligations regarding the use of external data and information sources in underwriting for life insurance." While on the surface this seems like a rath...