Making Longevity Sustainable
Using machine learning to manage longevity risk. Delivering better outcomes for insurers and families.
Responding and Managing the Impact of COVID-19:
“Ride the Wave or Wait it Out.”
In conjunction with Faegre Drinker, we have developed a Playbook for the long term care insurance industry, providing insights, guidance, and ideas to help long term care insurers respond to and manage the short- and medium-term impact of the COVID-19 global pandemic.
Designing A Triple Win
Assured Allies partners with insurers to help policyholders age with dignity, choice, and independence.
Underlying morbidity and mortality assumptions in Life and Health insurance products are impacted by how people age. Evidence-based clinical interventions and technology have been shown to support successful aging – slowing the decrease in a policyholder’s physiological reserves leads to lower morbidity and mortality later in life.
Making this happen is our challenge and a win for carriers, their customers and society at large.
A Technology Driven Approach Delivers Success
The Assured Allies team of physicians and data scientists built a system to accurately gauge and reduce the cost of longevity risks. At the crux of our approach are mortality and morbidity predictors we identified in over 165M person-years datasets.
This allows us to predict 1-15 years mortality, morbidity and LTC utilization more accurately based on the unique characteristics of the population.
Our process includes data collection on the population through public information, inference from public and proprietary datasets, and actual population sampling using our proprietary tools and questionnaires. This data is fed to our models in order to generate an accurate assessment of the mean and spread of these risks in the population.
How our technology can help:
- Risk management of aging population: reduction of future LTC needs
- More accurate pricing and validation to existing assumptions
- Selection of “better” priced blocks: competitive advantage in risk transfer deals
- Enablement of ILS, longevity swaps or derivative based hedging with deeper data: reduction needed contingent capital
Our Solutions
In-Force LTCI Block Management
Working with carriers to reduce claim incidence to drive stronger ROI.
New Insurance Products & Add-ons
Collaborating with insurers to introduce new products to better serve the aging population and their families.
The Present: Managing LTC Risk of In-Force Policies
Our algorithms allow us to identify future claims and introduce proven intervention strategies to reduce claim or delay claim onset. We do this by,
Our end-to-end risk reduction program is delivered to policyholders with the support of our national partner network.
What policyholders say about our program
Read more about our program & impact
The Future: Helping Carriers Shape the Future of Aging
Our platform, algorithms and partner network enable carriers to introduce new products and address more needs of their aging customers and their family caregivers.
Our ability to provide an accurate aging trajectory prediction for 5 – 15 years into the future gives carriers the underwriting and risk management improvements needed to introduce these products.
It Takes A Village
Assured Allies is proud to partner with a national network of organizations that excel in providing world-class customer experiences and technologies that help meet the needs of our aging population.
If you have solutions that can help make aging better, safer and/or healthier we’d love to hear from you.
Get an edge on managing longevity today.
Contact us to learn of how Assured Allies can help.