This important research project is being commissioned by the IFoA’s Actuarial Research Centre (ARC), Pacific Life Re, Partner Re, Swiss Re, Legal & General and Zurich Insurance Group. Independent academic guidance for this research project is also being provided by Professor Les Mayhew from Cass Business School, City, University of London.
The last decade has seen significant advances in treatments for Type 2 diabetes. Yet, the long-term impact of these advances is not yet fully appreciated. Currently available risk estimates are derived from data that is over ten years old. The insurance industry underwrites customers with diabetes based on a range of factors, medical expertise and various medical studies.
The overarching aim of this research project is to develop a deeper understanding of the risks associated with a diagnosis of Type 1 or Type 2 diabetes, and the impact of recent improved treatments. It is hoped that this research will help the insurance industry appreciate and use current data and studies when considering diabetic risks, and ultimately could support individuals with diabetes to gain better access to insurance.
Project Steering Group
A project Steering Group, including representation from the partner organisations, has been set up to oversee the delivery and quality assurance of this commissioned, independent research project.
The project Steering Group will ensure that the project delivers research outputs that are of a high quality and in line with expectations, producing findings that are relevant to the actuarial community, industry and other key stakeholder groups.
The project Steering Group reports into the IFoA’s Research and Thought Leadership Board.
Call for Tender
The project Steering Group invited research teams and organisations to submit proposals to undertake this commissioned piece of research.
The closing date for research proposals was 12.00 BST on Monday 27 July 2020.
The project Steering Group will now be reviewing the proposals received.
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