Abstract
Long-term care insurance (LTCI) covers (see Sect. 5.6) are rather recent products, in the framework of insurances of the person.
This chapter is mainly based on the material presented in Pitacco (2016b), including numerical examples elaborated by Alice Petronio in her master thesis at the University of Trieste. The reader is referred to that paper for a more detailed presentation of sensitivity testing in long-term care insurance.
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Notes
- 1.
The assumption has been proposed by Rickayzen and Walsh (2002).
- 2.
The formula has been proposed by Rickayzen and Walsh (2002).
- 3.
The acronym OPCS denotes the UK Office for Population Censuses and Surveys, former name of the Office for National Statistics (ONS).
- 4.
See Rickayzen (2007).
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Pitacco, E. (2020). Sensitivity Testing for Long-Term Care Insurance Products. In: ERM and QRM in Life Insurance. Springer Actuarial(). Springer, Cham. https://doi.org/10.1007/978-3-030-49852-8_8
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DOI: https://doi.org/10.1007/978-3-030-49852-8_8
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