Description: Cancer Insurance is among the latest products singled out for assault. Consumer advocates, Congressional committees, federal agencies and State insurance departments all have had their well-publicized say. Some of the last-named have wielded the executioner’s axe, prohibiting its issue. This article reviews the arguments against cancer insurance and rebuts them.

Description: This article addresses the growing need for critical illness insurance in the U.S. and the opportunities for insurance companies in this market. The article discusses product design both as stand-alone health insurance and accelerated benefits on life insurance policies, managing the risk through contract wording, and underwriting.

Description: A brief overview of the development of the Critical Illness product in Canada.

Description: The article describes medical progress in cancer diagnostics and addresses its implications for Critical Illness Insurance.

Description: Health Watch, Issue 79, December 2015, Health Watch

Description: In an effort to build a bridge between epidemiological and actuarial modeling, this paper analyzes possible financial arrangements made against expenses resulted from medical treatments given to insured patients. Based on classical compartment models, the first part of this paper designs insurance policies for susceptible participants facing the risk of infection and formulates the financial obligations of both parties using actuarial methodology. For practical purposes, the second part employs a variety of numerical methods for calculating premiums and reserves. The last part illustrates the methods by designing insurance products for the Great Plague in Eyam and the SARS Epidemic in Hong Kong.

Description: Voluntary health insurance coverage options are described including hospital indemnity, accident plans, disability insurance, and critical illness policies.

Description: Analysis of Alzheimer’s Disease as a potential Critical Illness insurance benefit trigger.

Description: After witnessing strong sales of similar products in Japan and the United Kingdom, a number of U.S. insurers have recently jumped aboard the critical illness insurance express and are developing this product for sale in the United States.

Description: This article announces the following reports on AIDS available from The Canadian Institute of Actuaries: 1. Memorandum covering AIDS from the Chairman of the Committee on Life Insurance Company Financial Reporting, 2. 1988 Guidance Notes for Valuation Actuaries, Report of the Subcommittee on Valuation, Task Force on AIDS, 3. First Report of the Subcommittee on Modeling, Task Force on AIDS, and 4. Second Report of the Subcommittee on Modeling, Task Force on AIDS, An Analysis of USA Data.