Navigation Links
Milliman Expert Addresses Practical Applications of Lifestyle-Based Analytics in Risk Selection
Date:2/11/2008

SEATTLE, Feb. 11 /PRNewswire/ -- In recent years, increasing attention has been paid to the role of Lifestyle-Based Analytics (LBA) in health insurance underwriting. In some instances, proponents of LBA made overly-optimistic claims about the use of consumer data as a predictor in the underwriting process. Milliman expert Jonathan Shreve, FSA, offers a fresh perspective on the appropriate and effective use of Lifestyle-Based Analytics as an advance in risk selection and classification.

Medical studies have shown that lifestyle characteristics and habits have a clear impact on disease prevalence. LBA uses information about lifestyle to enhance the risk classification system for relevant conditions. This information comes from data aggregators, which collect information from a variety of sources. Statistics, when properly interpreted, can enable underwriters to identify relationships between lifestyle information and prevalence of various diseases, which may result in a strong correlation with expected claims. Hence, LBA can help to differentiate high cost and low cost insurance plan members.

According to Jon Shreve, "For some of the correlations we have found, we believe there is a clear cause and effect - people who exercise more have fewer cardiovascular problems, and people who live alone have greater rates of depression. Sometimes, the lifestyle data may reflect the condition, rather than the other way around. People who are obese may be more apt to indicate that they are "walking for health" - not that walking causes obesity!"

LBA is increasingly viewed as a high-quality advance in the art of risk selection. It does not pick out specific individuals in a group who definitely have a condition, thus limiting its application in individual and disease management applications. Nonetheless, LBA does identify meaningful differences from one person to another and from one group to another in the likelihood of experiencing or developing adverse conditions. It now appears likely that LBA could be used in conjunction with other risk classification tools to produce underwriting results with a higher degree of accuracy.

Milliman's most recent white paper entitled "Lifestyle-Based Analytics: A Practical Guide" addresses what LBA can do and describes in concrete terms how companies can implement LBA for underwriting. Insights of the white paper include:
-- Details of integrating LBA with traditional underwriting

-- Conceptual evaluation of the methodology involved in building LBA

models

-- Further advances in risk selection

To request a copy of this informative white paper, please contact Jon Shreve at (303) 299-9400 or via email at jon.shreve@milliman.com.

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 47 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. Umbilical cord clamping should be delayed, says expert
3. College Mental Health Expert and Sister of Student Who Died By Suicide Available to Discuss College Mental Health Issues
4. Expert on Emerging Infectious Zoonotic Diseases Joining K-State as a Regents Distinguished Professor
5. Research Links TV/Video Game Playing With Child Obesity; Health Experts Back a New Approach
6. AWWA, National Association of Water and Sanitation of Mexico, Agree to Share Expertise and Resources for Improved Water Supply
7. Euro RSCG Life Broadens X2 Expertise
8. MultiVu Video Feed: PUBLIC HEALTH EXPERTS CONVENE TO DISCUSS THE TREATMENT AND PREVENTION OF RABIES
9. Mayo Clinic to Pilot Collexis Expert Profiling
10. Health IT Event Draws Experts to the Pacific Northwest
11. Experts Sort Out Good Fats From Bad
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/22/2017)... , ... June 22, 2017 , ... Branches, Inc. has ... than $245,000 in grant funding to support its programs focused on providing opportunity to ... was awarded a grant by the Foundation of $15,000 to support its , Climb ...
(Date:6/22/2017)... ... , ... Plastic Surgery Associates is proud to report that founding surgeon, Francisco ... and information firm, Castle Connolly, releases their list of the most notable and trusted ... time that Dr. Canales has been recognized by Castle Connolly. , ...
(Date:6/22/2017)... (PRWEB) , ... June 22, 2017 , ... ... advisory organization, is pleased to welcome Whipple & Company as its newest Partner ... clear purpose of balancing their clients’ risk while tailoring optimized benefit packages that ...
(Date:6/22/2017)... ... 2017 , ... Groove Ring is excited to announce they've partnered with Olympic ... bands and all-purpose rings. Whether you’re an athlete, adventurer, professional, or love to venture ... , From the rock face to the auto shop, Groove Ring is the world's ...
(Date:6/22/2017)... ... June 22, 2017 , ... Children’s National ... Heart Association (AHA) to launch a Rheumatic Heart Disease Center, with the goal ... of rheumatic heart disease (RHD) in high-risk, financially disadvantaged countries and low-income communities ...
Breaking Medicine News(10 mins):
(Date:6/20/2017)... LAGUNA HILLS, Calif. , June 20, 2017 ... that validate the use of MMprofiler with SKY92, the ... myeloma (MM). In a poster presentation at the 22 ... in Madrid, Spain , SkylineDx researchers ... high-risk elderly patients. In a separate ...
(Date:6/20/2017)... June 19, 2017  Hill-Rom Holdings, Inc. (NYSE: HRC), will ... webcast on Friday, July 28, 2017, beginning at 7:30 a.m. ... Only Dial-in information: To participate in the conference call, dial ... the call at least 10 minutes prior to the start ... Webcast: A simultaneous ...
(Date:6/19/2017)... 19, 2017  Researchers from DRUGSCAN ® and ... host a live, complimentary webinar titled, "Untangling methods to ... the real world" on Wednesday June 28, 2017 from ... This webinar will feature interviews with recreational and dependent ... manipulation techniques abusers use to prepare opioid tablets for ...
Breaking Medicine Technology: