Health Insurance: From the Actuarial Background to Product Development
Organised by the EAA - European Actuarial Academy GmbH in cooperation with the Österreichische Förderungsgesellschaft der Versicherungsmathematik GmbH (ÖFdV GmbH)
In a broad sense, the expression health insurance denotes a large set of insurance products providing benefits in the case of need arising from either accident or illness, and leading to loss of income (partial or total, permanent or non-permanent), and/or expenses (hospitalization, medical and surgery expenses, nursery, rehabilitation, etc.).
In its framework we find traditional products, e.g. personal accident insurance, or sickness insurance with medical expense reimbursement and hospitalization benefits. More recently, new health insurance products have been proposed, for example Critical Illness covers and Long-term Care insurance (LTCI). In particular, LTCI products deserve great attention for various reasons. On the one hand, LTCI provides benefits of remarkable interest in the current demographic and social context. On the other hand, LTCI covers are “difficult” insurance products both from the insurer’s and the individual perspective.
