Insightful Overview of Travel Insurance Underwriting Methodology

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Delve into the intricacies of travel insurance underwriting methodology, including risk management, pricing components, expected claims costs, frequency, severity, case studies, and emergency medical coverage. Gain a comprehensive understanding of individual underwriting practices and its significance in the insurance industry.

  • Travel Insurance
  • Underwriting Methodology
  • Risk Management
  • Pricing Components
  • Emergency Medical Coverage
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  1. Education Committee Update May 2016

  2. Committee Members - Current Alex Bittner Manulife - Executive Liaison David Hartman Co-operators Life Chair Barry Hotson CanAm Insurance Christine Chilton ACTA Janet Pacini Thibodeau Manulife Juliann Martyniuk Manulife Julie James Europ Assistance Neil Henderson TD Margaret Clayton Berkley Canada Patrick Lavoie SecuriGlobe Karen Cullen Allianz

  3. Past Contributors Kulsum Murtuza Sumita Sikana Anne Rowe Brigitte Gougeon Debbie Robinson ACTA TD Manulife TD Allianz

  4. Steps to THiA Accredited Travel Insurance Professional (TIP) Create a study manual and exam(s) Find Partner to host online testing and monitoring platform Launch TIP Designation with marketing plan French translation Approach CCIR to sanction TIP

  5. Chapters Overview of Travel Insurance The Insurance Contract Product Suite Pricing and Underwriting Sales and Distribution Claims and Assistance Compliance Ethics and Fraud Summary

  6. Chapter 4 (Index) Table of Contents Underwriting Methodology .................................................................................................3 Risk Management ................................................................................................................3 Review: .........................................................................................................................3 How is Insurance Priced? .....................................................................................................3 Review: .........................................................................................................................3 Pricing Components .............................................................................................................4 Review: .........................................................................................................................5 Determining Expected Claims Costs ....................................................................................5 Review: .........................................................................................................................6 Frequency and Severity........................................................................................................6 Case Study 1 .....................................................................................................................6 Case Study 2 .....................................................................................................................6 Review: .........................................................................................................................7 Emergency Medical Travel Insurance ..................................................................................7 Review: .........................................................................................................................8 Individual Underwriting .......................................................................................................8 Underwriting and Use of Medical Questionnaires ..............................................................8 Medical Questions ...........................................................................................................9 Time Period Since Medical Condition Occurred ..............................................................9 MQ1 - ...............................................................................................................................9 Example MQ 1 ...............................................................................................................9 MQ2 ...............................................................................................................................10 Example MQ 2 .............................................................................................................10 MQ 3...............................................................................................................................10 Example MQ 3 .............................................................................................................10 MQ 4...............................................................................................................................10 Example MQ 4 .............................................................................................................11 Review: .......................................................................................................................11 Trip Cancellation Insurance................................................................................................11 Definitions ..........................................................................................................................11 Pre-Existing Conditions ......................................................................................................11

  7. Next Steps First draft completed 180 pages Working through second round of chapter edits Completion June 2016 Beta test content/exam July 2016

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