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." (Emphasis added.)
"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.