Health Solutions
Long-term care
In long-term care, uplift modeling could serve as a valuable tool, helping actuaries and statisticians analyze the effectiveness of new wellness programs.
We discuss the two main model types for modeling Hybrid Life and Health products - a claim cost model and an integrated first-principles model - and the pros and cons of each.
Combination products provide valuable, and often substantial, health insurance coverage in the framework of a life insurance or annuity policy.
This article explores in detail two methods of developing reduced benefit options: the future loss ratio neutral approach and the cash flow neutral approach.
We describe new approaches to long-term care financing that rely on home equity release, and several of the challenges individuals face.
We discuss key product development and pricing considerations, the advantages of offering many living benefit riders on a single life insurance policy, and considerations when filing these products for review and approval for entering the market.
We consider that actuarial assumptions based on historical data reflect some level of labor demand and supply and therefore immigration has played–and will play–an important role in this equation.
This article outlines industry practice and consideration for pricing of acceleration-only policies, a hybrid product where riders provide policyholders the opportunity to receive a portion of the policy’s death benefit in advance, under certain conditions.
How tech is enabling the future of this insurance product
