Co-chairs: Scott Reid and Nicola OliverThe Diabetes Working Party was set up in 2018 and is now commissioning funded research through the Actuarial Research Centre (ARC).
The brief aims of the working party are:
- To understand increased risk of medical complications in those with diabetes, including the impact of behavioural and/or modifiable risk factors and implications for chronic conditions later in life
- To understand how the industry underwrites this risk in the UK and Asia
- To provide a mortality and morbidity table at a granular level and understand how risk factors are changing over time and why
- To gain insights from data science modelling techniques.
This research will be of interest to those insurers and reinsurers that write protection business and longevity products.
The insurance industry currently underwrites customers with diabetes based on a range of factors, medical expertise and various medical studies. The work undertaken here would help the industry to approach this using current research findings to update and enhance how potential risk from diabetes is considered.
ARC will oversee this project to ensure academic rigour of the research. The working party is planning to complete this work towards the end of 2020 and will be presenting preliminary results midway through 2020.