ORLANDO, Fla.–(BUSINESS WIRE)–Hannover Life Reassurance Company of America (Hannover Re US), member of
the Hannover Re Group, announces the election of Doug Ingle, Vice
President, Underwriting Research to the AHOU (Association of Home Office
Underwriters) Hall of Fame.
AHOU is the world’s largest association of life underwriters. Each
year it elects a limited number of professionals to its Hall of Fame.
Inductees are considered pioneers in life risk underwriting, selected
for their fervent and active industry contribution via research,
published articles, speaking engagements and education.
Doug began his underwriting career, which spans over four decades and
includes experience with both direct life insurance carriers and
reinsurers, after graduating cum laude from Hamline University, St.
Paul, Minnesota in 1974. He joined Hannover Re US in 2010 with a breadth
of underwriting experience and a penchant for underwriting and mortality
One of his key industry contributions occurred in the wake of the
introduction of preferred risk underwriting in the 1990s. Doug’s
research focused on unmasking the inner workings of the Framingham Risk
Score when he realized the potential value in applying those techniques
to preferred underwriting and pricing. The Framingham Risk Score was
first developed based on data obtained from the Framingham Heart Study
to estimate individuals’ 10-year risk of developing coronary heart
disease. The Framingham Risk Score was similar to the debits and credits
system used in life underwriting, but, more importantly, it isolated the
value of each risk factor using multivariate regression analysis, in so
doing, debits and credits weren't double counted.
He applied the techniques used for predicting heart disease in his
research to predict mortality. As a result of his efforts, Doug
co-founded a preferred risk pricing program, authored the ALU (Academy
of Life Underwriting) chapter on preferred risk underwriting and wrote
an article in On the Risk in 2002 that described the mathematical
techniques employed. Recently, the life industry has launched similar
data analytic efforts. His published work describing how to apply
multivariate mathematical techniques to life underwriting predated the
industry’s predictive analytics movement by almost two decades.
Other noteworthy industry contributions include a treatise for
underwriters describing how to translate medical literature into
underwriting guidelines and a course teaching underwriters how to read
EKGs. Once he mastered converting mortality findings into actuarial
present value dollars, he co-authored the ALU chapter on cost-benefit
studies and published a protective value study in On the Risk.
After learning how to create a traditional actuarial mortality study,
Doug unearthed the extraordinary similarity between Cox multivariate
regression results and traditional actuarial studies, thus closing the
gap between medical literature, underwriting and actuarial sciences. He
published his findings in 2013.
In addition to his FALU (Fellow of the Academy of Life Underwriting) and
FLMI with Distinction (Fellow Life Management Institute), Doug has been
extremely active within industry associations. He's past chair of the
Morbidity Mortality Liaison Committee and Underwriting Experience
Studies Committee. He also served on the SOA’s Individual Life
Experience Committee and Underwriting Criteria Team. Doug has spoken at
many regional and national SOA (Society of Actuaries), AAIM (American
Academy of Insurance Medicine), AHOU, HOLUA (Home Office Life
Underwriters Association) and IHOU (Institute of Home Office
Doug’s work has been published extensively in On the Risk, Journal
of Insurance Medicine, Contingencies. Best’s Review.
“We're proud of Doug’s lifetime achievement award from the AHOU. Doug
has been an industry leader with his research using alternative sources
such as NHANES and other mortality data. He's unique talents that
bring together the underwriting profession and analytics,” said Kevin
Oldani, Senior Vice President and Chief Underwriter.
About Hannover Re US
Hannover Life Reassurance Company of America (Hannover Re US), which is
licensed and/or accredited in all 50 states, the District of Columbia,
Puerto Rico and Guam, is the North American life and health reinsurance
subsidiary of the Hannover Re Group. Hannover Re, with gross premium of
EUR 17.8 billion, is the fourth-largest reinsurer in the world. It
transacts all lines of property &. Casualty and life &. Health reinsurance
and is present on all continents with around 3,300 staff and a network
of more than 140 subsidiaries, branches and representative offices. The
rating agencies most relevant to the insurance industry have awarded
Hannover Re very strong insurer financial strength ratings (Standard &.
Poor’s AA- “Very Strong”. A.M. Best A+ “Superior”). For more
information, visit www.hannover-re.com.