Steven Haberman Ermanno Pitacco

Actuarial Models for Disability Insurance

CRC Press
Hardback 280 pages ISBN: 9780849303890 ISBN 10: 0849303893 Disability insurance, long-term care insurance, and critical illness covers are becoming increasingly important in developed countries as the problems of demographic aging come to the fore. The private sector insurance industry is providing solutions to problems resulting from these pressures and other demands of better educated and more prosperous populations. Actuarial Models for Disability Insurance deals with the actuarial structure of disability insurance, long-term care insurance, and critical illness covers. It is the first book to examine, in a unified manner, the actuarial problems in the design and development of a wide range of disability and care insurances. The calculation methods used in various countries for actuarial problems, and in particular pricing and reserving, are treated within the context of multiple state modelling, providing a mathematically rigorous and sound framework for analysing insurances of the people. Actuarial Models for Disability Insurance is an invaluable reference source for academics in the fields of actuarial science and insurance economics, and for professionals actuaries in insurance companies, consultancy firms, and those operating in the areas of training and continuing professional development.

Steven Haberman is professor of Actuarial Science at City University, London, UK Ermanno Pitacco is professor of Actuarial Mathematics at the University of Trieste, Italy