Stochastic Modeling for Health Care Actuaries
The IAAHS will offer a webcast on Stochastic Modeling for Health Care Actuaries on 16 November 2010. The webcast is sponsored by Milliman, and follows on the publication of the book: “Stochastic Modeling – Theory and Reality from an Actuarial Perspective”. This book was published in May this year by the International Actuarial Association, and two of the authors, Jim Stoltzfus and Andrew Dalton from Milliman, will be speakers on the webcast. Further information about the book is available at: www.actuaries.org/stochastic/
To register, please go to www.actuaries.org/IAAHS/webcast/Stochastic/webcast_registration.cfm
Agenda
- Stochastic Modeling: General Concerns
- General and Overview of Health Specific Issues
- Data Validation
- Calibration
- Auditing
- Review
- Communication
- Stochastic Modeling for Health Actuaries
- Economic factors (Interest, Unemployment, Inflation, etc.)
- Assumptions (PMPM, terminations, etc.)
- Trend factors
- Specific Products
- Stochastic Model for Medical Policy Claims Example
- Stochastic Model for Long Tail Health Product
- Listener Submitted Questions