What happens with actuaries when the lights go out? Between the Spreadsheets exposes the hidden secrets of the actuarial profession through satirical articles and thought provoking pieces. Ideas expressed in this blog are my own. They do not represent any company or organization.
Saturday, October 7, 2017
New Insurance Products Announced for Undead
In an effort to find new business, insurers are dabbling into new, untapped markets.
Traditionally the insurance industry protected against two risks - dying to soon via Life Insurance or outliving your assets (longevity) via Annuities.
The limiting factor to each of these is that you either had to be alive or die to collect a claim. This was an issue if you were already dead, sort of dead, or came back to life after death. Now, a new set of products is coming on to the market to meet those needs.
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