Stochastic Modeling for Health Actuariesnothing to do with what we're looking at. We don't care how many really big claims a particular group had ... on those means that we're comparing. This takes care of it. It's not going to have any influence at all ...
Description: This session presents a summary of actuarial and potential uses of stochastic modeling for health actuaries. Three case studies are presented: rating health plan reimbursement provisions, developing claim liabilities, and defining appropriate reinsurance levels. From the Record of the Society of Actuaries, Volume 30, No. 1, Session 18Hide
- Authors: Charles S Fuhrer, Darrell Knapp, Doug Fearrington
- Date: May 2004
- Competency: Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Record of the Society of Actuaries
- Topics: Health & Disability>Health insurance; Modeling & Statistical Methods>Stochastic models