Health insurance is a rather complicated business due to the inherent risks of these (often long-term) products and the constraints imposed by the legal context (e.g. Verwilghen law in Belgium, laws on worker’s compensation,…).
Adequately pricing and provisioning these products is therefore essential for the long-term financial stability of the business.The aim of this masterclass is to:
- Present basic and more advancedactuarial/statistical techniques used inhealth pricing and provisioning
- Explain how these models can beimplemented in the context ofmedical, disability or worker’scompensation insurance products
- Perform case studies in Excel