Скачать или смотреть How the Demise of the Death Master File is a Problem and an Opportunity for Insurance Companies

Webinar panelists include: Kathy Belfi, KB Regulatory Solutions, John Bikus, PBI President and Mike Irey, PBI Director of Operations.

00:00 Intro
02:57 The demise of the DMF
08:01 How missed deaths negatively impact business segments
11:24 Identifying decedents
18:23 Risks of relying on the DMF
27:33 Opportunities
35:23 Q&A

Since 2011, the Death Master File (DMF) has declined to where it now reports less than 20% of deaths. For life insurance companies who rely on the DMF to find decedents, the DMF missed deaths gap has widened slowly but now the number of missed decedents is likely far more than most realize.

But upgrading death audit methodology and suddenly discovering large numbers of deceased policyholders presents insurers with a dilemma:

1) Send benefit checks to hundreds or thousands of missed beneficiaries and take a big hit to current year earnings.
or
2) Do nothing and risk a variety of regulatory consequences, including fines, penalties, examinations, investigations, and company reputation.

Our webinar will explain how much the DMF has declined, the risks to insurers who rely on it, new and improved death audit methods, and why doing the right thing by finding and paying the missed beneficiaries can become a long-term selling advantage and revenue opportunity.