Description: A discussion of the long-term care insurance industry and how it is finding ways to reduce premiums and still provide good value.

Description: Review of LTC Industry.

Description: Review of LTC Industry.

Description: Review of LTC Industry

Description: For establishing the ongoing adequacy of claim reserves for blocks of long-term care insurance, retro testing is a blunt tool, the results of which are not conclusive. Claim reserve retro tests should be reviewed by claim duration, include the impact of interest consistently, and include updated assumptions that can have an impact on claim termination rates or other factors. The new NAIC LTC Experience Reporting Forms estimated to arrive for reporting year 2008 will help modernize LTCI retro tests, providing additional accuracy and standardization. Actuaries should not wait for these forms, but rather ensure that any claim reserve analysis moves beyond a basic calendar year retro test.

Description: Read the August 2018 issue of Long-Term Care News published by the Long Term Care Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: New products should address having acceptable carrier risks and at the same time enhance the product’s value to consumers to pave the way for broader acceptance.

Description: Runoff LTC blocks present a wide range of business risks. Outsourcing certain tasks to third parties can help mitigate these risks.

Description: Preview of the December 2007 issue of the LTC Section news, including articles on individual claims, retrospective reserve testing, population health management, Alzheimers, psychiatric medication, and the latest LTC Experience Committee report.

Description: Editor's preview of the September 2008 issue of the LTC Section news, including articles on claim reserves, claimant perspectives, independent providers, caregiver perspectives, and recent research. projects.