Underwriting - Life Insurance
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Using a Statistical Framework and AI Techniques to Enhance Basic Actuarial Assumptions Part 2: Application to Accelerated Underwriting
The paper uses the actuarial and statistical framework developed in Part 1 of the paper and discusses an application of this model in accelerated underwriting. It is a methodical way to quantify the impact of various risk factors in the underwriting process besides age and gender and provide an actuarially rigorous process to evaluate the aggregate risk level of a new policyholder.
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