Swiss Re offers proprietary life underwriting manual to help insurers navigate crisis

In response to the uncertainties COVID-19 has brought to the world, Swiss Re is opening access to its proprietary Life Guide underwriting manual to all life and health insurers for 90 days (from 27 April to 31 July 2020).

This is designed to help life and health insurers navigate today’s crisis, understand all the risks they underwrite better and give them confidence in offering coverage at a time when more people are thinking about life insurance and evaluating their financial situations.

A survey conducted by Swiss Re in late March with more than 700 participants across the US and UK revealed that more people today are likely to reconsider priorities in life (70% answered more likely or much more likely) and that they are more actively considering buying a life insurance policy (37% answered more likely or much more likely).

Access to Swiss Re’s Life Guide includes the ability to reference new, first-time guidance to help insurers begin to address the emerging risks associated with COVID-19 alongside other commonly searched risk factors such as cardiovascular disease and cancer.

“These are unprecedented times and uncharted waters for life and health insurers, and we recognise the urgent need and value to share our expertise beyond our existing base of registered users,” said Swiss Re head of L&H products Paul Murray.

“Our priority is … to help insurers continue to write sustainable business and preserve the ability to deliver on those promises”

Source: Asia Insurance Review