Accelerated Underwriting and COVID-19: Life Insurance Lessons Learned

October 4, 2022 by Catie Muccigrosso

The COVID-19 pandemic introduced new challenges and opportunities for life insurers.

Deaths from SARS-CoV-2 not only pressured benefit costs, but also increased consumer demand for life insurance products.

Meanwhile, conducting medical exams and blood tests — the mainstays for procuring underwriting information — became nearly impossible due to public policy decisions made in an effort to quell the spread of the novel coronavirus.

Life insurers needed to pivot — and fast.

Click HERE to read the full story via ThinkAdvisor

Originally Posted at ThinkAdvisor on September 27, 2022 by Catie Muccigrosso.