Description: This e-book contains topical essays that express the opinions and thoughts of a number of authors on the subject. It should be understood that the thoughts and insights shared herein are the opinion of the authors and not necessarily those of the Society of Actuaries, the Casualty Actuarial Society, the Canadian Institute of Actuaries, or corresponding employers of the essayists.

Description: Recap of content contained in the October 2013 issue of the Health Watch newsletter.

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: The SOA provides information about the actuarial career path in health care and predictive analytics. Throughout 2016, we will share more about actuaries who are tackling some of the industry's biggest challenges and hear from top employers in healthcare analytics.

Description: Our paradigm constrains our view of the world, but also provides guidance on how we address and solve problems.

Description: Runoff LTC blocks present a wide range of business risks. Outsourcing certain tasks to third parties can help mitigate these risks.

Description: Data is everywhere. Health care generates as much as 30% of the world’s data, and new technologies are changing how life insurers analyze consumer information. Actuaries are business-savvy problem solvers. They understand how to leverage the latest technologies and techniques to turn data into actionable insights and solutions for businesses and can communicate those findings to multiple audiences. SOA-credentialed actuaries use predictive analytics to inform organizational and business strategies, with efforts such as identifying chronic conditions in their early stage or determining stress levels through sweat patterns.

Description: Following up on recent articles on claim reserves and retrospective testing, this article examines some data quality and methodology issues related to calculating LTCI claim reserves.