Description: In today’s business world, many financial decisions undergo considerable analysis before the decision is made and the decision-maker is often held accountable for the outcomes. The purpose of this research is to introduce the concept of total risk analysis (TRA), which is designed to help the decision-maker answer key questions at the time the decision is made. This paper will focus on a specific example of a typical healthcare decision: setting a budget for claims in the upcoming year. In addition to explaining TRA and providing a case study, this paper presents quantitative research regarding cost distributions for health care costs.

Description: Documentation Sheet for Database in relation to the 1991-92 Group Medical Insurance Large Claims Database experience study.

Description: In this article, the author comments about an exposure draft of a proposed revision of Actuarial Standard of Practice 23 dealing with data quality.

Description: Chapter 2 analyzes, in table form, the study's claimant counts and charge totals, broken down by gender, age, diagnosis category, year, and by subscriber vs. dependent status. From Group Medical Insurance Large Claims Database Collection and Analysis, M-HB97-1.

Description: Chapter 5 analyzes, in table form, the study's claimant counts & charges per claimant in relation to deductible and broken down by plan design type. From Group Medical Insurance Large Claims Database Collection and Analysis, M-HB97-1.

Description: Acknowledgments, Copyright, and Title Page. From Group Medical Insurance Large Claims Database Collection and Analysis: Acknowledgments, M-HB97-1.

Description: Expanding channels and datasets to understand our policyholders

Description: Recent research from Financial Finesse introduces a viable way to forecast the potential return on investment (ROI) of workplace financial wellness programs.

Description: This article provides a very high level overview of accelerated underwriting programs and their history in the US marketplace. It then discusses setting up an actuarial control cycle for such products and some items related to risk management that are helpful in this setting. Pros and cons of retrospective studies, random holdouts, targeted holdouts and post issue analysis are discussed. A mathematical example of how to estimate the mortality impact of such programs from early emerging experience is provided.

Description: Virtual - Session 2D: Navigating Risk Management in Gender - Affirming Care