The following video features Jenna Fariss, ASA MAAA. Jenna has over 25 years experience as an actuary and is now a Director and Actuary at Milliman IntelliScript. Jenna served in a volunteer capacity for the Society of Actuaries as an author, presenter, and council member.
In this video, Jenna delves into the historical roots and contemporary practices of underwriting in the insurance industry, particularly focusing on life insurance. From its origins to its modern applications in assessing mortality risk, the narrative follows the evolution of underwriting techniques, including the use of various tools and technologies to evaluate applicant’s health status. It explores the trade-offs between comprehensive underwriting processes and expedited, simplified approaches, shedding light on industry regulations like HIPAA, and their impact on information accessibility and underwriting practices. Ultimately, it sets the stage for further exploration of how emerging technologies are shaping the future of underwriting. Contributors: Jenna Farris, ASA, MAAA; Sam Behrend, FSA, MAAA; Jon Forster ASA, MAAA, Mark Gardner, Anthony Champi, FSA, MAAA
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