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North American Actuarial Journal Volume 10, 2006 - Issue 4
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Original Articles

Modeling Disability in Long-Term Care Insurance

D. J. Pritchard FIA, BA, MSc, PhD Barrie & Hibbert Ltd, First Floor Clydesdale Bank Plaza, 50 Lothian Road, Edinburgh EH3 9BY, United Kingdom Phone: +44(0)131-625-0234 Fax: +44(0)131-625-0234
Pages 48-75 | Published online: 02 Jan 2013

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Read on this site (8)

Jared Cummings & Brian Hartman. (2022) Using Machine Learning to Better Model Long-Term Care Insurance Claims. North American Actuarial Journal 26:3, pages 470-483.
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Michael Sherris & Pengyu Wei. (2021) A Multi-state Model of Functional Disability and Health Status in the Presence of Systematic Trend and Uncertainty. North American Actuarial Journal 25:1, pages 17-39.
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Javier Pla-Porcel, Manuel Ventura-Marco & Carlos Vidal-Meliá. (2017) Converting retirement benefit into a life care annuity with graded benefits. Scandinavian Actuarial Journal 2017:10, pages 829-853.
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Zixi Li, Adam W. Shao & Michael Sherris. (2017) The Impact of Systematic Trend and Uncertainty on Mortality and Disability in a Multistate Latent Factor Model for Transition Rates. North American Actuarial Journal 21:4, pages 594-610.
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Adam W. Shao, Michael Sherris & Joelle H. Fong. (2017) Product pricing and solvency capital requirements for long-term care insurance. Scandinavian Actuarial Journal 2017:2, pages 175-208.
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Nathan R. Lally & Brian M. Hartman. (2016) Predictive Modeling in Long-Term Care Insurance. North American Actuarial Journal 20:2, pages 160-183.
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Joelle H. Fong, Adam W. Shao & Michael Sherris. (2015) Multistate Actuarial Models of Functional Disability. North American Actuarial Journal 19:1, pages 41-59.
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Eric Stallard. (2011) Estimates of the Incidence, Prevalence, Duration, Intensity, and Cost of Chronic Disability Among the U.S. Elderly. North American Actuarial Journal 15:1, pages 32-58.
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Articles from other publishers (22)

Kyu Park & Michael Sherris. (2023) Actuarial modelling of Australian population retirement risks: an Australian functional disability and health state model. Decisions in Economics and Finance.
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Valeska Hofbauer-Milan, Stefan Fetzer & Christian Hagist. (2023) How to Predict Drug Expenditure: A Markov Model Approach with Risk Classes. PharmacoEconomics 41:5, pages 561-572.
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Guglielmo D’Amico, Shakti Singh & Dharmaraja Selvamuthu. (2023) Analysis of fair fee in guaranteed lifelong withdrawal and Markovian health benefits. Annals of Finance.
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Yumo Dong, Edward W. Frees, Fei Huang & Francis K. C. Hui. (2022) MULTI-STATE MODELLING OF CUSTOMER CHURN. ASTIN Bulletin 52:3, pages 735-764.
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Martin Bladt, Michel Fuino, Aleksandr Shemendyuk & Joël Wagner. (2022) Modelling the burden of long-term care for institutionalised elderly based on care duration and intensity. Annals of Actuarial Science, pages 1-35.
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Sara S. Moosavi & Amir T. Payandeh Najafabadi. (2022) Valuation of variable long-term care and limited hospitalization coverage benefits and two investment funds. Soft Computing 26:7, pages 3227-3235.
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Manuel L. Esquível, Nadezhda P. Krasii & Gracinda R. Guerreiro. (2021) Open Markov Type Population Models: From Discrete to Continuous Time. Mathematics 9:13, pages 1496.
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William Lim, Gaurav Khemka, David Pitt & Bridget Browne. (2019) A method for calculating the implied no-recovery three-state transition matrix using observable population mortality incidence and disability prevalence rates among the elderly. Journal of Population Research 36:3, pages 245-282.
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Martin Eling & Omid Ghavibazoo. (2018) Research on long-term care insurance: status quo and directions for future research. The Geneva Papers on Risk and Insurance - Issues and Practice 44:2, pages 303-356.
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Adam W. Shao, Hua Chen & Michael Sherris. (2019) To borrow or insure? Long term care costs and the impact of housing. Insurance: Mathematics and Economics 85, pages 15-34.
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Quentin Guibert & Frédéric Planchet. 2019. Actuarial Aspects of Long Term Care. Actuarial Aspects of Long Term Care 95 128 .
Quentin Guibert & Frédéric Planchet. (2018) Non-parametric inference of transition probabilities based on Aalen–Johansen integral estimators for acyclic multi-state models: application to LTC insurance. Insurance: Mathematics and Economics 82, pages 21-36.
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Michel Fuino & Joël Wagner. (2018) Long-term care models and dependence probability tables by acuity level: New empirical evidence from Switzerland. Insurance: Mathematics and Economics 81, pages 51-70.
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Ming-hua Hsieh, Jennifer L. Wang, Yu-Fen Chiu & Yen-Chih Chen. (2018) Valuation of variable long-term care Annuities with Guaranteed Lifetime Withdrawal Benefits: A variance reduction approach. Insurance: Mathematics and Economics 78, pages 246-254.
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Guillaume Biessy. (2017) CONTINUOUS-TIME SEMI-MARKOV INFERENCE OF BIOMETRIC LAWS ASSOCIATED WITH A LONG-TERM CARE INSURANCE PORTFOLIO. ASTIN Bulletin 47:2, pages 527-561.
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Ermanno Pitacco. (2016) Premiums for Long-Term Care Insurance Packages: Sensitivity with Respect to Biometric Assumptions. Risks 4:1, pages 3.
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C. Adams, C. Donnelly & A. Macdonald. (2014) Adverse selection in a start-up long-term care insurance market. British Actuarial Journal 20:2, pages 298-347.
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Evan A. Hariyanto, David C. M. Dickson & David G. W. Pitt. (2013) Estimation of Disability Transition Probabilities in Australia II: Implementation. Annals of Actuarial Science 8:1, pages 156-175.
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Evan A. Hariyanto, David C.M. Dickson & David G.W. Pitt. (2013) Estimation of Disability Transition Probabilities in Australia I: Preliminary. Annals of Actuarial Science 8:1, pages 131-155.
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Jason Brown & Mark Warshawsky. (2013) The Life Care Annuity: A New Empirical Examination of an Insurance Innovation That Addresses Problems in the Markets for Life Annuities and Long‐Term Care Insurance. Journal of Risk and Insurance 80:3, pages 677-704.
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Johnny Siu-Hang Li, Mary R. Hardy & Ken Seng Tan. (2013) Uncertainty in Mortality Forecasting: An Extension to the Classical Lee-Carter Approach. ASTIN Bulletin 39:1, pages 137-164.
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Zixi Li, Adam Wenqiang Shao & Michael Sherris. (2016) The Impact of Systematic Trend and Uncertainty on Mortality and Disability in a Multi-State Latent Factor Model for Transition Rates. SSRN Electronic Journal.
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