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Hi everyone, this is the final episode of the Mental Health in Life Insurance week, a recording of the webinar held by the Institute and Faculty of Actuaries. 

In this webinar Kathryn, Lisa Balboa (Hannover Re) and Fraser Ballantine (Zurich), all came together to talk with colleagues about mental health and insurance. The session was hosted by John Brazier from Cover magazine and attendees included reinsurers, insurers and charity members.

We explore everything from application questions, granular modelling, risk analysis, and how all of this can come across and feel to someone that is living with a mental health condition and wanting insurance.

The key takeaways:

• We need more data! To make positive change for accessing insurance when you have a mental health condition, actuaries need data to analyse, potentially even positive lifestyle factors e.g. sleep patterns, exercise habits, etc.
• Mental health questions and support are far better than they used to be, but there is still a long way to go.
• How pricing is calculated for individuals living with specific mental health conditions.

Next time I have Matt Rann back with me and we are talking about cervical cancer. It is great to have Matt back for his first episode of 2022 helping us to deep dive into how underwriting works.

Remember, if you are listening to this as part of your work, you can claim a CPD certificate on our website, thanks to our sponsors Octo Members.

If you want to know more about how to arrange protection insurance, take a look at my Protection Insurance in Practice course here.