Description: This is the abstract for the paper entitled 'Pricing Long Term Insurance Contracts.' This paper considers several models describing the changes in the needs of the insured for care over time. From Actuarial Research Clearing House 1994, VOL. 1.

Description: This paper offer a possible solution to the rising claim cost and high premiums of insurance. Implement a liability deductible the size of which is a function of the driver's record and size of liability cover. From Actuarial Research Clearing House 1993, VOL. 3.

Description: This paper describes an analysis of data anomalies on computer records on 246 federally-insured mortgages. Twenty-three of the corresponding mortgages were sampled and all were found to have identical amortization plans and to have been insured under the same insurance fund. The question posed, in probabilistic terms, is the following: How many of the remaining 223 mortgages are identical in these two aspects to the 23 sampled mortgages?

Description: In this paper the author proposes a proof for new formulas that derive exposure formulas of the valuation-schedule type on the basis of the Balducci assumption. In addition he provides a short cut for the coefficients of the terms involving deaths. Then he derives a general exposure formula of the valuation-schedule type that may be used for all mortality studies with an observation period covering an integral number of consecutive years. From ACTUARIAL RESEARCH CLEARING HOUSE, 1980 VOL. 2.

Description: This model arose from a project to evaluate the cost of a health care access' program to provide comprehensive medical care to uninsureds in Minnesota, for the Minnesota Health Care Access Commission. The project was to provide estimates of the impact on per-person and aggregate costs for various participation percentages in the access program. In order to evaluate those costs, the antiselection model described in this was developed. Of note, this was the ACTUARIAL EDUCATION AND RESEARCH FUND 1991 PRACTITIONERS AWARD WINNER. From Actuarial Research Clearing House 1991, VOL. 2.

Description: This paper studies the variability of pension costs and fund levels under various funding methods. From Actuarial Research Clearing House 1990, Vol. 1.

Description: The paper by Adam J. Reese, "Health Care Costs in the Last Year of Life," has been updated.

Description: It is obvious that the introduction of a deductible has two major effects. The amount paid for every claim will drop, resulting in a lower claim burden for the insurance company. There will also be a drop in claim frequency, leading to a decrease in claim handling expenses. However, it is by no means obvious how the average claim size changes with the introduction of a deductible. In this paper, we will study this question. First, we derive some theoretical results then apply them to concrete distributions.

Description: This is the abstract of a paper that presents a model for examining the effect of various relationships between mortality rates and lapse rates on the mortality experience of a cohort of insured lives. It takes an individual approach rather than the aggregate approach used in traditional methods of analyzing selective lapsation. The model assumes that insured lives are healthy at policy issue, but may later move to an impaired state from which the lapse rate is zero. Associated with each insured is an unobservable 'risk level' random variable, which reflects the heterogeneity of the insured group. Individual mortality and lapse rates are functions of the risk level. A numerical illustration provides some interesting results obtained using this model.

Description: This paper presents some preliminary results of an analysis of data from a regional municipality in Ontario to assess long term care risks. The data includes information on the optimal level of care at one or more points in time for each individual under study modelled using a Markov process.