RT info:eu-repo/semantics/workingPaper
T1 Private long term care insurance : theoretical approach and results applied to the Spanish case
A1 Alonso González, Pablo
A1 Albarrán Lozano, Irene
K1 Long term insurance
K1 Pricing
K1 Multi-state model
K1 Simulation
K1 Solvency
K1 G22
K1 C39
K1 C15
K1 C63
K1 Ciencias económicas
K1 Estadística
K1 Economics
K1 Statistics
AB The passing of the Law 39/2006 has given to Spanish insurance companies the chance of offering products that cover the expenses associated to the risk of dependence. However, due to the lack of reliable statistic information about dependent population, it is extremely difficult to evaluate not only the frequency but also the cost. These two items make the pricing process with a big cloud of uncertainty. This paper proposes a methodology for premium calculation taking into account not only the availability of the data but also the current legal framework in Spain. Together to the theoretical approach, premium calculations for two possible versions are included. Finally, it is introduced a simulation model that pretends to evaluate the impact that a portfolio with these kind of contracts would have on the solvency of an insurance company.
PB Universidad de Alcalá. Departamento de Estadística, Estructura Económica y Organización Económica Internacional
YR 2009
FD 2009-04
LK http://hdl.handle.net/10017/3323
UL http://hdl.handle.net/10017/3323
LA eng
NO This work has been financed by Spanish Ministry of Education and Science and National Plan for Scientific Investigation, Development and Technological Innovation through the project SEJ2005-08070/ECON, and co-financed by FEDER funds.
NO Ministerio de Educación y Ciencia
DS MINDS@UW
RD 28-abr-2024