Description: In this session on the topic of health insurance valuation issues, the topics covered included Sarbanes-Oxley considerations, internal replacement Standards of Practice, self-funded plans, and long-term-care insurance developments. From a session at the Health/Pension Spring Meeting held in New Orleans, Louisiana June 15-17, 2005.

Description: Panelists discuss how product design, premium-rate development, and marketing methods are being used to win the allegiance of an aging U.S. senior market to a carrier's brand. They talk specifically about the Medicare Supplement market, the long-term-care [LTC] market, and travel-cancellation insurance. From the 2002 Record of Society of Actuaries, Volume 28, No. 3. Session 135PD of the Boston Annual Meeting.

Description: Industry representatives address the market need for and acceptance of life and long-term care LTC combination products and the issues for carriers to consider regarding developing, marketing, and distributing this emerging product. From the Record of the Society of Actuaries, Volume 27, No. 3, Session 13PD of the New Orleans Annual Meeting.

Description: Presented at June 2002 Spring Meeting. Discusses the types of combination products currently on the market, as well as the challenges and opportunities involved in designing new types of combination products.

Description: Discussion of LTC insurance product developments being spurred by recent demographic and regulatory trends, especially combination products such as LTC benefits with disability income, annuities, and life insurance. Several viable product styles are considered, along with the pros and cons of each.

Description: 2004 SOA Spring Meeting, Anaheim, CA. The panel discussed how to analyze LTC flows from an asset perspective, recognize embedded derivatives in LTC and determine strategies for hedging fair value. The goal was for the attendees to learn to view LTC from an investment rather than a liability perspective, recognize embedded risks in today's LTC marketplace, and deal with investment risks in LTC.

Description: The panel demonstrates a technique that can help set confidence intervals regarding future rate increases used to satisfy the NAIC rate stabilization model. Specific topics include creating a stochastic model, deciding which variables are deterministic vs. stochastic, developing probability distributions for the stochastic variables, running the model and evaluating the reasonableness of results. From the Record of the Society of Actuaries, Volume 30, No. 1, Session 21