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Rate Increase Approaches Impact LTC Policyholder Behavior
options, as well as the ability to commu- nicate individual customized alternatives within the premium increase ... category of state approval as pre- viously described. Table 1 shows that policyholders receiving a one-time ...- Authors: Raymond Nelson
- Date: Dec 2017
- Competency: External Forces & Industry Knowledge>External forces and business performance; External Forces & Industry Knowledge>Internal forces and business performance; Professional Values>Practice expertise; Results-Oriented Solutions>Actionable recommendations; Results-Oriented Solutions>Assess decision effectiveness; Strategic Insight and Integration>Big picture view; Strategic Insight and Integration>Strategy development; Technical Skills & Analytical Problem Solving>Incorporate risk management; Technical Skills & Analytical Problem Solving>Innovative solutions
- Publication Name: Long-Term Care News
- Topics: General Insurance (Property & Casualty)>Policyholder behavior - General Insurance; Long-term Care>Long-term care insurance
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Actuarial Guideline 51 Impacts to Regulatory View of Current Predominating LTC Risks
guideline does not disallow the use of Gross Premium Valuation (GPV) tra- ditionally used to demonstrate adequacy ... unsure about. In 2017, the NAIC’s Long-Term Care Valuation Subgroup, a subgroup of the Health Actuarial ...- Authors: Rhonda Ahrens, Frederick James Andersen
- Date: Dec 2018
- Competency: Results-Oriented Solutions>Actionable recommendations; Strategic Insight and Integration>Big picture view; Technical Skills & Analytical Problem Solving>Incorporate risk management; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Long-Term Care News
- Topics: Actuarial Profession>Best practices; Enterprise Risk Management>Financial management; Enterprise Risk Management>Risk categories; Enterprise Risk Management>Risk measurement - ERM; Experience Studies & Data>Long-term care - Experience Studies & Data; Experience Studies & Data>Morbidity; Experience Studies & Data>Mortality; Long-term Care>Long-term care insurance