Digital field underwriting must happen at a faster pace if the life insurance industry is to survive a time of declining market penetration and falling sales.
It remains to be seen how these changes will be implemented and what the full effects will be, but the executive order represents a step towards improving the health care system in the United States.
Field underwriting gathers all the pertinent information that may affect underwriting offers at the initial meetings between financial professionals and clients.
Peter J. Woo has been appointed board chairperson and president of the Asian American Insurance Network (AAIN), a non-profit organization dedicated to the professional development and growth of Asian-Pacific Islander professionals in the insurance and business industries.