Mental Health Calculator
The smart solution to assess mental health conditions
Increase in diagnosed mental illnesses
With a globally recognised increase in the prevalence of mental health disorders, Munich Re has identified the need to review its underwriting guidelines to increase the boundaries of insurability.
There have been significant increases in both the number of applicants disclosing a history of mental health conditions, and the number of claims being submitted. This can also be explained by a growing number of newly recognised mental health conditions, along with societal destigmatisation, leading to greater awareness and acceptance amongst the public. As more people suffering from mental health disorders share and treat their symptoms, along with heightened awareness regarding potential risk factors, doctors are now diagnosing mental illnesses more frequently.
Mental health is a key topic for our industry as society changes the way it deals with it. With our holistic solution – the Mental Health Calculator – we enable our clients to assess underwriting cases risk adequate and fair, today and in the future.
Would you like to learn more? Then, download our MIRA Risk Review Paper and the User Guide which highlight the key features of the new holistic Mental Health Calculator and its benefits to extend the boundaries of insurability.
In recognising the increasing complexities of mental health disorders, Munich Re has developed a Mental Health Calculator designed specifically to simplify the underwriting assessment, resulting in quicker, more accurate decisions whilst at the same time as increasing insurability for more people.
Our new Mental Health Calculator allows us to take a holistic approach to this underwriting challenge, as it accurately takes into account the possible combinations and correlations of mental health disorders.