Description: Update on the IFRS for Insurance Contracts

Description: Discusses some of the financial implications of the recently issued IASB Discussion Paper on Insurance Contracts which presents the preliminary view that GAAP insurance liabilities should be valued at current exit value.

Description: A discussion of some of the challenges the insurance industry will face as we move towards fair value and a comparison of the pros and cons of rules based vs. principles based reserves.

Description: This article discusses future benchmarks of Medicare and Medicare's rising costs and its relativity to the actuarial profession.

Description: This article argues that during boom times, it is virtually impossible to get regulators to oppose politicians who are being lobbied by financial services organizations, thus a bubble expands and a bust is inevitable.

Description: A discussion of insurance claims processing and payment systems, and how to achieve the minimum possible number of errors.

Description: Description of French long term care claim evaluation system

Description: For a long time the primary focus of private LTC insurance companies has been to educate the public about the need for private LTC insurance and to make the product more acceptable to a wider population. To this end there have been numerous changes to the product design to make this product more acceptable to general population. However, one of the things that may have been overlooked in those product design changes is the need for alignment of policyholder and insurance company’s interests, which is to make coverage more affordable and to reduce adverse selection. Incentivizing good behavior from policyholders can not only make LTC insurance policies less expensive but also help policyholders make better health choices, which can help them stay healthy for a longer time. These incentives may also reduce some of the inherent risks in a long term care policy and may help in increasing the sales of private LTC insurance.

Description: This is an article about telemarketing and regulations associated with it. From News Direct, September 2005, Issue No. 51.

Description: This article contains a condensed summary and excerpt from the fourth white paper in the Commercial Health Care: What’s Next? series.