Critical Illness Prodcuts: Recent Lessons From International MarketsCritical Illness Prodcuts: Recent Lessons From International Markets Critical illness ... insurance;Inflation;Lapse rates=Lapses;Life insurance;Long-term care=LTC;Simplified issue; 18473 5/1/2003 12:00:00 ...
Description: Critical illness CI products are gaining in popularity in North America. These products have been available for close to 20 years in many countries around the world, including South Africa, Australia, the United Kingdom and most of Asia. Many of the lessons learned in these countries concerning product design, pricing, underwriting and claims adjudication are relevant to the U.S. market. This session reviews the latest trends around the world. Attendees gain insight into the key issues driving the profitability of the product and are better positioned to determine the main considerations in deciding whether or not to introduce such a product in their market. From the Record of the Society of Actuaries, Volume 29, No. 1, Washington, D.C., Spring Meeting, May 29–30, 2003, Session 60PD.Hide
- Authors: Susan Kimball, James Christou, David O'Brien
- Date: May 2003
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations
- Publication Name: Record of the Society of Actuaries
- Topics: Global Perspectives>Global markets; Health & Disability>Critical illness insurance