Data Bank

  • Concept of a Life Insurance Policy Data Bank
    • A national data bank, organized and operated through the auspices of the NAIC, would serve as a depository for raw data on new as well as existing policies for cooperating insurers. It is anticipated that the national data bank would:
    • The data bank would receive information directly from insurers in coded or machine-readable form. The format for the data would be standardized and subject to infrequent changes.
    • Many companies would wish to be data contributors.

1980-2, NAIC Proceedings

  • One point should be mentioned that, from a research point of view, does tie together the proposed NAIC recommendation and the Hart subcommittee activities.
    • That is the data bank that Senator Hart and his staff have accumulated, and may choose to add to, by questionnaire.
  • The NAIC-drafted proposal envisions that the Hart data bank will be available for calculations and analyses in order to accomplish some of the research projects in their proposal.
  • Should the Society eventually be engaged in research regarding the various cost disclosure/cost comparison methods, it probably would be with the use of that bank of statistical data.

-- Bartley Munson 

1973 - SOA - Price Disclosure and Cost Comparison, Society of Actuaries - 186p

1974-1, NAIC Proceedings

  • Life Insurance Cost Comparison (C3) Task Force: Research Project Reports Available, May, 1975 - PROJECT REPORTS - Research Project One
    • (Production of a life insurance cost data base in cooperation with the Antitrust Subcommittee of the U.S. Senate's Judiciary Committee.)
  • Portions published by the Antitrust Subcommittee as follows:
    • United States. Senate. Judiciary Committee. The Life Insurance Industry: Hearings Before the Subcommittee on Antitrust and Monopoly
    • 1973 / 1974 - GOV (Senate) - The Life Insurance Industry, Phillip Hart (D-MI) - 4 Parts  ---  [BonkNote]

1975-2, NAIC Proc.