EAA Web Session: Prospecting Health Similar to Life Techniques
Announcement from the EAA organiser:
Prospecting Health Similar to Life Techniques: Concepts, Commonalities and Case Studies
Insuring Health related risk without the right of termination by the insurer for a long time-period, up to life-long is mandatory in some European countries. In jurisdictions where this type of Health insurance is practised ever since, specific actuarial methods – in Solvency II referred to as Health similar to life techniques (Health SLT) – evolved.
Given, that this type of insurance cover offers a superior level of protection, it is gaining popularity either in addition to or as an alternative financing method for public healthcare.
In the first part of this training the actuarial concepts that constitute the core of what is practised as Health SLT are introduced. We will outline some of the differences between jurisdictions like Germany and Austria to indicate how the concepts introduced so far are adapted to different legislations.
By exemplifying the impact of (potentially different) premium adjustment clauses, we give indications to the treatment of Health SLT in Solvency II and IFRS 17.
In the second part of the training more recent enhancements are delineated, such as embedding frequency/severity modelling and Markovian states (Thiele’s formula) to the Health SLT actuarial framework. A Case Study with hands-on examples (in Excel) will be presented illustrating actuarial methods to support a tariff, by which an insured person may choose deductibles from a range of values as well as the application of Thiele’s equation in combination with frequency/severity modelling of claims.
The target audience for this web session are both actuaries with no prior experience in Health SLT insurance who want to get a general idea about its underlying actuarial concepts and commonalities across jurisdictions and Health SLT specialists who are interested to get acquainted with case studies about more recent developments in the field.
Please check with your IT department if your firewall and computer settings support web session participation (the programme Zoom will be used for this online training). Please also make sure to join the web session with a stable internet connection.
The goal of this web session is to provide a comprehensive explication of the actuarial methods in Health SLT insurance which are commonly used in European jurisdictions. Case studies are presented to introduce some recent developments in the design of life-long health covers.
By the end of the online training, participants will have an understanding about the actuarial means and ends of long-term Health insurance and its contribution to the financing of health services for an ageing population.
Click here to register. Your early-bird registration fee is € 300.00 (net) / € 357.00 (incl. VAT, if applicable) until 30 December 2024. After this date, the fee will be € 390.00 (net) / € 464.10 (incl. VAT, if applicable).
Click here. (Note: timing via that link is in CEST [Central European Summer Time].)
Ferdinand Oser is qualified actuary of the German Actuarial Association (DAV). He has been working for a German private Health insurance company in pricing, product development and as a financial actuary before taking over the responsibility for its accounting. Since joining ERGO Group AG, he has been working on actuarial topics in the international private Health insurance context, e.g. in Austria, Norway and Spain.
Anselm Fleischmann is a qualified actuary of the Austrian Actuarial Association (AVÖ). He is engaged as managing director of BELTIOS in Austria, a practice he co-founded in 2013 building on experience acquired as an actuary in Health insurance and an earlier career in management consulting. He serves as appointed actuary Health for the Austrian operation of ERGO Group AG and is an active member of AVÖ working groups which examine topics of relevance to health insurance and actuarial modelling.