Description: The 2019 Long-Term Care (LTC) Medical Symposium was a one-day conference that extracted the thinking of leading experts on historical and future trends that will influence LTC insurance (LTCI) claim expectations. The symposium focused on the ideas from experts outside of the LTCI industry for the explicit purpose of gathering fresh perspectives on the issues that LTCI companies face, such as expected timing of new claims onset, length of claim, life expectancy and cost of care. The 2019 symposium built on and complemented the first annual symposium held in 2018. The focus in 2019 was on aging of the brain and how technology will impact the future of LTC caregiving. The symposium is not intended to quantify historical or future trends or to be prescriptive or specific about long-term care actuarial assumptions. Rather, the symposium aims to provide the long-term care actuary with environmental context for considering morbidity and other macro factors that may impact LTC experience in the long term.

Description: The Aging and Retirement Strategic Research Program is pleased to make available a report describing the results of analysis into how the supply of neurology specialists for diagnosis and care of dementia relates to historical LTCI cognitive claims.

Description: This study provides valuable insights for insurance companies that are considering entering the market of commercial long-term care insurance (LTCI) in the Asia-Pacific markets.

Description: This is a research project discussing on the needs and opportunities of the older age market to be used in the development and distribution of products that will protect future retirees from financial risk.

Description: The Society of Actuaries (SOA) retained Milliman, Inc. (Milliman) to conduct a research project related to product innovation. This report explores key risks and considerations for product innovation using the long-term care insurance (LTC, LTCI) industry as a case study. We identify how actuaries of all backgrounds can apply the lessons learned, and challenges overcome, by the LTCI industry to improve future innovation, product development and risk management.

Description: PowerPoint slides of presentation given at Gerontological Society of America.

Description: This report describes two methods, an observation-based analysis and an actual to model analysis, to analyze long-term care insurance experience to determine if calendar year trends exist.

Description: This article reviews the data and methodology used to arrive at this seemingly incredible rate, compares the Li/Jensen results with those of recent industry studies, and suggests areas for further study for both LTCI actuaries and the authors.

Description: The Aging and Retirement Strategic Research Program is pleased to make available a report describing the results of analysis into how the supply of neurology specialists for diagnosis and care of dementia relates to historical LTCI cognitive claims.

Description: The SOA Research Institute Aging and Retirement Strategic Research Program and the Long-Term Care Insurance Section are pleased to make available a research report analyzing the need for informal caregiving and its impacts on employees, employers, and other stakeholders.