This paper explores data and modelling considerations in the risk assessment and underwriting of mental health conditions in life insurance products. Alongside this, it considers the possibilities that improved data availability could open up in terms of additional underwriting designs that could further improve the accessibility and affordability of life insurance products for those with mental health conditions. Rather than being a prescriptive recommendation, our aim is for the considerations set out in this paper to form a basis of discussion for Members of the Profession and other insurance professionals.

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