Insurance companies routinely analyze huge volumes of data related to workplace claim and injury data, workers' compensation, aggregated exposures with respect to catastrophic events, mortality and
morbidity tables used in life and health insurance, loss, construction, fire protection and historical weather.
Unisex mortality and
morbidity tables, mandated benefits, one-price-for-all theories--they all serve to flatten or eliminate the risk curve.
816(b)(1)(A), qualification as a life insurance reserve requires, among other things, computation or estimation "on the basis of recognized mortality or
morbidity tables and assumed rates of interest.
Unlike deaths from accidents, diseases, murders and natural disasters, which have been tabulated and analyzed over dozens of years and incorporated into mortality and
morbidity tables, there is insufficient historical data in this country relating to deaths from terrorism that can be factored into such tables.
Classifying the medical history can vary significantly from carrier to carrier as they take into consideration
morbidity tables and studies of existing claims histories and patterns.
