Navigation Links
Milliman Announces Encore Webinar on Practical Uses of Lifestyle-Based Analytics (LBA) in Risk Selection
Date:6/3/2008

SEATTLE, June 3 /PRNewswire/ -- Due to its increasing potential as a tool in health insurance underwriting, Lifestyle-Based Analytics (LBA) continues to receive considerable attention from insurers and the media. We've probably all seen optimistic claims about the use of consumer data as a predictor in the underwriting process. In response, Milliman expert Jonathan Shreve, FSA, offers a fresh perspective on an advance in risk selection and classification through the effective use of Lifestyle-Based Analytics.

Studies and intuition tell us that lifestyle habits and characteristics are linked to disease prevalence. Through the use of consumer data, LBA utilizes lifestyle variables to enhance the risk classification system for relevant conditions. Statistics are then applied to identify correlations between lifestyle information and prevalence of various diseases. This has proven to be extremely effective in differentiating between high-cost and low-cost insurance plan members.

LBA is increasingly viewed as a high-quality advance in the art of risk selection. Within the last decade, the amount and reliability of data collected has grown dramatically. This enhanced data enables LBA researchers to identify risk pools that correlate to certain adverse conditions. It now appears likely that LBA could be used in conjunction with other risk classification tools to produce underwriting results with a meaningfully higher degree of accuracy.

As an early developer of LBA, Milliman has now completed a number of client projects involving its use. Due to a scheduling conflict for the webinar in May, Milliman will conduct an encore free educational Webinar on June 24th, at 2 PM EDT, to share the knowledge gained in the process, and to address both the potential for and limitations of LBA. The seminar will also explore meaningful underwriting applications of LBA. Highlights of the Webinar include:

-- Details of integrating LBA with traditional underwriting,

-- Conceptual evaluation of the methodology involved in building LBA

models, and

-- Further advances in risk selection.

Those interested in attending the Webinar should contact Jon Shreve at jon.shreve@milliman.com. Please include your contact details.

Milliman, whose corporate offices are in Seattle, serves the full spectrum of business, financial, government, and union organizations. Founded in 1947 as Milliman & Robertson, the company has 48 offices in principal cities in the United States and worldwide. Milliman employs more than 2,000 people, including a professional staff of more than 900 qualified consultants and actuaries. The firm has consulting practices in employee benefits, healthcare, life insurance/financial services, and property and casualty insurance. For further information visit http://www.milliman.com.


'/>"/>
SOURCE Milliman
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Milliman Survey Confirms Continued Dominance of Guarantees in Variable Annuity Retirement Income Products
2. Milliman Expert Addresses Practical Applications of Lifestyle-Based Analytics in Risk Selection
3. Milliman Says 2008 Medical Cost for American Family of Four Exceeds $15,600
4. HHS Announces $75 Million in Supplemental Funding to States for Pandemic Flu Preparedness
5. CRC Health Group Announces Acquisition of Bayside Marin Recovery Center, San Rafael
6. UHW Announces: Antelope Valley Hospital Caregivers and Board Vote to Ratify First Union Contract With SEIU UHW-West
7. HEI, Inc. Announces Sale of RFID Division Assets
8. Caraco Pharmaceutical Laboratories, Ltd. Announces FDA Approval to Market Generic Version of Zyloprim(R)
9. Mettler-Toledo International Inc. Announces Webcast of Presentation at Thomas Weisel Partners 2007 Healthcare Conference
10. Z Trim Announces Revocation of Gregory Halpern Severence Agreement
11. Brooke Franchise Corporation Announces Selected July Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... October 13, 2017 , ... ProVest Insurance ... greater Dallas, Miami, and Raleigh regions, is organizing an extended charity drive to ... and deadly chromosome abnormality. , After struggling since birth with several health challenges, ...
(Date:10/13/2017)... (PRWEB) , ... October 13, 2017 , ... As health ... medicine known as “patient engagement.” The patient is doing more than filling out a ... , “There is an increasing emphasis in health care and research on the ...
(Date:10/13/2017)... Ky. (PRWEB) , ... October 13, 2017 , ... The ... MPH to become its next President and Chief Executive Officer, succeeding Dr. James C. ... CEO Elect beginning July 1, 2018 until Dr. Puffer’s retirement at the end of ...
(Date:10/13/2017)... ... October 13, 2017 , ... PurhealthRX , a leading Health and ... Applying the Purzorb™process to full spectrum CBD oil will revolutionize the rapidly growing CBD ... that can be easily incorporated into liquid products, while reducing costs to end users. ...
(Date:10/13/2017)... ... October 13, 2017 , ... Lori R. Somekh, founder of the ... a national organization of elder law and special needs planning attorneys. “Membership in ElderCounsel ... also provides a forum to network with elder law attorneys nationwide,” said Somekh. ...
Breaking Medicine News(10 mins):
(Date:9/27/2017)...  Commended for their devotion to personalized service, SMP Pharmacy ... one in the South Florida Business Journal,s 50 Fastest-Growing Companies, ... list, the national specialty pharmacy has found its niche.  To ... soon be honored by SFBJ as the 2017 Power Leader ... to receive his award in October, Bardisa said of the ...
(Date:9/25/2017)... , Sept. 25, 2017  EpiVax, Inc., a ... design, and immune-engineering today announced the launch of ... development of personalized therapeutic cancer vaccines. EpiVax has ... exclusive access to enabling technologies to the new ... will lead EpiVax Oncology as Chief Executive Officer. ...
(Date:9/22/2017)... 2017 AVACEN Medical (AVACEN) announced that its ... helping those with the widespread pain associated with fibromyalgia ... in Essex, England commented, "I ... experiencing no sleep at all, tremendous pain, with every ... recommend [the AVACEN 100] enough, how this has and ...
Breaking Medicine Technology: