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Some aspects of the modelling of permanent health insurance

Published online by Cambridge University Press:  20 April 2012

H. R. Waters
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1.1 The traditional approach in the United Kingdom to the analysis of permanent health insurance (PHI) data and to the rating of PHI business has been the Manchester Unity approach. This approach, which has its origins in Friendly Society business, is in some ways unsuitable for modern PHI business. (An interesting discussion on this subject can be found in Report No. 7 of the Continuous Mortality Investigation Bureau (C.M.I.R. 7, §4 (1984). For this reason the PHI Sub-Committee of the CMIB has recently been investigating the possibility of using a different approach, involving the use of a multiple state model, for analysing PHI data. A full report on the Sub-Committee's investigation will be published soon as C.M.I.R. 10.

Information

Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 116 , Issue 3 , December 1989 , pp. 611 - 624
Copyright
Copyright © Institute and Faculty of Actuaries 1989

References

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