AUWG - Accelerated Underwriting Working Group - (A) - NAIC
- 2021 0817 - EX - NAIC - Executive (EX) Committee and Plenary - Attachment One -
- LIFE INSURANCE AND ANNUITIES (A) COMMITTEE – NEW CHARGES
- The Accelerated Underwriting (A) Working Group, as part of its ongoing work to consider the use of external data and data analytics in accelerated life underwriting, will include an assessment of and recommendations, as necessary, regarding the impact of accelerated underwriting on minority populations.
- 2023 0414 - AUWG - NAIC - Letter - CEJ, Birny Birnbaum - "Regarding Draft “Regulatory Guidance and Considerations” - To the NAIC Accelerated Underwriting (A) Working Group -
- To an outsider, it appears to be a shell game with AU issues going from the Life
Actuarial Task Force in 2016 to, in no particular order, the Life Insurance Committee, the Big Data Working Group, the H Committee, the Market Conduct Annual Statement Blanks Working Group and perhaps others.
- 2021 0729 - AUWG - Accelerated Underwriting (A) Working Group, Virtual Meeting (in lieu of meeting at the 2021 Summer National Meeting) -
- Commissioner Afable explained that the purpose of the meeting was to discuss the latest draft accelerated underwriting educational report dated July 8 (Attachment Two-A).
- Commissioner Arnold explained that the drafting group tried to keep the tone of the paper neutral. She said that the presentations the Working Group heard said a lot about the advantages and disadvantages of accelerated underwriting, but the drafting group tried to stay away from that in the report. She said the focus on the report is on what accelerated underwriting is, what accelerated underwriting does, and what the regulatory structure is or should be in the context of current laws.
Commissioner Arnold said they received several suggestions to create a glossary.
- 2022 0407 - LIAC - NAIC
- 2. Adopted the Report of the Accelerated Underwriting (A) Working Group and the March 4 Draft Accelerated Underwriting in Life Insurance Educational Report
- Mr. Birnbaum said he participated, along with Brendan Bridgeland (Center for Insurance Research—CIR) and Peter Kochenburger (University of Connecticut School of Law), and he did not think the Educational Paper was particularly good. He said it did not say anything other than watch out for unfair discrimination, which is so obvious and vague it is almost not worth mentioning.
- Peter Kochenburger (University of Connecticut School of Law), said he agrees with Mr. Birnbaum and would like to see specific recommendations around transparency, which the Educational Report rightly highlights as a recommendation. He said specific guidance for state insurance regulators, consumer, and industry about what transparency means and how it is to be accomplished in the context of increasingly sophisticated models and without special expertise is the kind of specific recommendation that he would welcome from the Working Group.
- 2022 0324 - AUWG - NAIC - Accelerated Underwriting (A) Working Group
- 2. Discussed Comments Received on the March 4 Draft of the AU in Life Insurance Educational Report