Description: Pitfalls with long-term care experience studies and tips for dealing with them.

Description: Discusses use of credibility theory with respect to LTCi. Considers the various credibility methods and points to resources for more in-depth investigation.

Description: Insolvency Due to Long Term Care resulting from deficiencies in underwriting, contract language and claim processing. From Long-Term Care Newsletter, August 2001, Issue No. 5.

Description: The basics and importance of the utilization assumption for long-term care insurance.

Description: Medical management programs have traditionally addressed more acute and short-term issues with chronic disease. As LTC becomes an important product in the insurance industry, including disease management is likely to be valuable for reducing costs and prolonging the healthy, premium-paying portion of a claimant's life.

Description: Professional and regulatory considerations in long term care insurance pricing and product features, including items from ASOP No. 18. From Long Term Care Newsletter, September 1999, Issue No. 1.

Description: The AAA Practice Note in Practice – Part One A case study on an initial rate filing for a revised long-term care insurance product. by James M. Robinson from Long-Term Care Newsletter, April 2003, Issue No. 8.

Description: This article discusses secondary factors that affect pricing and long-term care claims experience gender, marital status, region, product type, distribution, and education.

Description: For establishing the ongoing adequacy of claim reserves for blocks of long-term care insurance, retro testing is a blunt tool, the results of which are not conclusive. Claim reserve retro tests should be reviewed by claim duration, include the impact of interest consistently, and include updated assumptions that can have an impact on claim termination rates or other factors. The new NAIC LTC Experience Reporting Forms estimated to arrive for reporting year 2008 will help modernize LTCI retro tests, providing additional accuracy and standardization. Actuaries should not wait for these forms, but rather ensure that any claim reserve analysis moves beyond a basic calendar year retro test.

Description: First article in a series that walks through the progression from developing LTC assumptions using traditional methods to doing so using predictive analytics.