1st Edition

Actuarial Models for Disability Insurance

By Steven Haberman, E Pitacco Copyright 1998
    298 Pages
    by Chapman & Hall

    Disability insurance, long-term care insurance, and critical illness cover are becoming increasingly important in developed countries as the problems of demographic aging come to the fore. The private sector insurance industry is providing solutions to problems resulting from these pressures and other demands of better educated and more prosperous populations. Actuarial Models for Disability Insurance examines the actuarial structure of disability insurance, long-term care insurance, and critical illness cover, including problems encountered in the design and development of such insurances. Actuarial problems such as pricing and reserving are considered within the context of multiple state modeling, providing a vigorous and sound framework for analyzing personal insurances.

    Preface
    Introduction: A History of Multiple State Models and the Actuarial Contribution to Disability Insurance
    Multiple State Models for Life and Other Contingencies: The Time-Continuous Approach
    Multiple State Models for Life and Other Contingencies: The Time-Discrete Approach
    Disability Insurance
    The Graduation of Transition Intensities
    Critical Illness Cover
    Long-Term Care Insurance
    Actuarial Models for AIDS
    Indexing Benefits in Insurance Packages
    References

    Biography

    S Haberman, E Pitacco