14/15 Dec 2015 in Vienna
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.
The seminar is open to all interested persons, such as actuaries operating in both life and non-life insurance companies as well as in pension funds, consultants and supervisors. It is expected that the participants have an understanding of elementary calculus and basic probability theory.
During this seminar, you will not need a laptop.
Purpose and Nature
The seminar aims at providing the participants with a good understanding of the nature of health insurance products and related actuarial aspects, going into details on some particular and critical features and outlining recent developments.
To this purpose, the seminar first focuses on the individual need for health insurance covers, then moving to the type of benefits provided. Special attention is put on LTCI products and on possible packaging of health-related benefits with lifetime-related benefits, such as death benefits and life annuities. Besides the presentation of actuarial background, basic ideas and theory based on the book “Health Insurance. Basic actuarial models” (published in the EAA Series of Springer), numerical examples, concrete applications and implementation as well as risk management aspects will be shown. Every participant of the seminar will receive a free copy of the book.
More specifically, the following topics will be covered:
Ermanno PitaccoErmanno Pitacco is full professor of Actuarial mathematics and Life insurance technique in the University of Trieste as well as academic director of the Master in Insurance and Risk Management at the MIB School of Management of Trieste. In addition he has been visiting professor in various universities (recently: University of New South Wales, Sydney; University of Louvain-La-Neuve; University of Ljubljana).Main fields of scientific interest are life and health insurance mathematics and techniques, pension mathematics, longevity risk and portfolio valuations. He is author or co-author of textbooks and papers in the fields of scientific interest. His papers have been published, among the others, on: Insurance Mathematics & Economics, ASTIN Bulletin, Journal of Pension Economics and Finance, Belgian Actuarial Bulletin, Journal of Actuarial Practice, Applied stochastic models in business and industry, AStA Advances in Statistical Analysis, Giornale dell’Istituto Italiano degli Attuari.
David RichterDavid Richter is Manager within the Actuarial Services Team of PricewaterhouseCoopers Germany focusing on health insurance, risk management and Solvency II. As such he is in charge of actuarial consulting projects as well as audits. Prior to joining PwC he has been working for five years in the actuarial department of one of the biggest German health insurers. Besides he is lecturer for the German Actuarial Society (DAV). As member of actuarial working groups of DAV he contributes to the development of the Solvency II standard model approach for the valuation of technical provisions and SCR calculations for German health insurance.
Venue & Accommodation
The seminar will take place at the
Hotel Mercure Wien Westbahnhof Felberstraße 4 1150 Vienna, AustriaHotel website
We have arranged special prices for accommodation. The special rate is € 79.00 per night, including breakfast. It is valid for bookings by 16 November 2015 out of our allotment “EAA Seminar”. Please book your accommodation directly with the hotel using this booking form. Kindly book early, as our allotment includes a limited number of rooms, and note the hotel's cancellation policy.
Partner of the Seminar