Fraudsters continue to exploit the pandemic to intensify their attempts at fraudulent activity and financial crimes.
As the unprecedented situation surrounding the pandemic continues to unfold, it is clear that professional criminals have recognized an opportunity. Fraudsters are exploiting the chaos, anxiety, and uncertainty inherent in today’s reality – and it appears they have recently intensified their attempts.
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Which roles are workplace benefit carriers primarily using to service clients and brokers? What are their turnaround goals for execution and are they hitting these marks?
These quarterly reports provide an update of COVID-19 and pandemic related reported claims. Data from 32 companies representing approximately 72 percent of the industry face amount in-force are included in this analysis. LIMRA, RGA, TAI, and the SOA jointly collected the data supporting the results of this report.
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LIMRA asked underwriting leaders at life insurance companies about their practices regarding automated underwriting. Here are our findings.