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Impacts and Considerations of Statistical Bias in LTC Due to Benefit Reductions
Courtney Williamson Long-Term Care News, August 2024 It’s no secret that long-term care insurance (LTCI) carriers ... reductions have on assumption development and a block’s lifetime loss ratio, specifically when evaluating ...- Authors: Joseph Neary, Jeff Anderson , Courtney Williamson
- Date: Aug 2024
- Competency: External Forces & Industry Knowledge; Technical Skills & Analytical Problem Solving
- Publication Name: Long-Term Care News
- Topics: Experience Studies & Data; Experience Studies & Data>Long-term care - Experience Studies & Data; Experience Studies & Data>Morbidity; Experience Studies & Data>Policyholder or participant behavior - Experience ; Long-term Care; Long-term Care>Long-term care insurance; Long-term Care>Incidence - Long-term Care; Long-term Care>Long-term care pricing; Long-term Care>Rates - Long-term Care; Long-term Care>Termination - Long-term Care
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Estimating Member-Level Treatment Effects with Uplift Modeling
inference problem is the following: if we knew someone’s future claim probability given that a treatment was ... the two claim probabilities would be the treatment’s effectiveness. However, in almost all cases, it is ...
- Authors: Tanner Boyle , Randy Beams
- Date: Aug 2024
- Competency: Results-Oriented Solutions; Strategic Insight and Integration; Technical Skills & Analytical Problem Solving
- Publication Name: Long-Term Care News
- Topics: Long-term Care; Long-term Care>Chronic health management - Long-term Care; Long-term Care>Long-term care insurance; Long-term Care>Long-term care facilities & home care; Modeling & Statistical Methods>Credibility theory; Modeling & Statistical Methods>Deterministic models; Modeling & Statistical Methods>Estimation methods; Modeling & Statistical Methods>Modeling efficiency; Modeling & Statistical Methods>Regression analysis; Modeling & Statistical Methods>Simulation; Long-term Care>Claims - Long-term Care; Long-term Care>Incidence - Long-term Care; Long-term Care>Long-term care innovation
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Unpacking Predictive Analytics for the Long-Term Care Insurance Industry: How New Approaches to Model Visualization Can Support Greater Understanding of Results
credibility weighted adjustments based on the company’s experience. This helps ensure projection assumptions ... experience by not over fitting assumptions to the company’s historical experience. Determining the credibility ...
- Authors: Joseph Long, Missy Gordon, Michael Bergerson, John Hebig
- Date: Feb 2021
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Long-Term Care News
- Topics: Predictive Analytics; Long-term Care>Incidence - Long-term Care