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Prospective Approach to Determining Allowable Rate Increases
Allowable Rate Increases This article discusses the mechanics of a prospective approach to calculating LTC ... by previous model regs. NAIC;National Association of Insurance Commissioners;Rate regulation;LTCI ;Long-term ...- Authors: Kevin Kang, Raymond Nelson, Aaron Wright
- Date: Aug 2018
- Competency: External Forces & Industry Knowledge>External forces and business performance; Professional Values>Practice expertise; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Long-Term Care News
- Topics: Long-term Care>Long-term care insurance
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Rate Increase Approaches Impact LTC Policyholder Behavior
DECEMBER 2017 LONG-TERM CARE NEWS For example, in the beginning, insurers generally pursued rate increases ... impacted most by the changes in experience and assumptions that are driving the needs for the increase. In ...- Authors: Raymond Nelson
- Date: Dec 2017
- Competency: External Forces & Industry Knowledge>External forces and business performance; External Forces & Industry Knowledge>Internal forces and business performance; Professional Values>Practice expertise; Results-Oriented Solutions>Actionable recommendations; Results-Oriented Solutions>Assess decision effectiveness; Strategic Insight and Integration>Big picture view; Strategic Insight and Integration>Strategy development; Technical Skills & Analytical Problem Solving>Incorporate risk management; Technical Skills & Analytical Problem Solving>Innovative solutions
- Publication Name: Long-Term Care News
- Topics: General Insurance (Property & Casualty)>Policyholder behavior - General Insurance; Long-term Care>Long-term care insurance