Hostname: page-component-78c5997874-s2hrs Total loading time: 0 Render date: 2024-11-19T23:07:38.369Z Has data issue: false hasContentIssue false

Medical expenses insurance—an actuarial review

Published online by Cambridge University Press:  20 April 2012

Extract

1.1 Medical expenses insurance, as we know it today, has been available in the United Kingdom since the late 1940s. In recent years the market has increased significantly to a point where we estimate approximately 6m people are now covered by medical expenses insurance, which represents over 10% of the population. Furthermore, there is evidence that the market is continuing to expand.

Type
Research Article
Copyright
Copyright © Institute and Faculty of Actuaries 1988

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

(1) AMERICAN ACADEMY OF ACTUARIES (1987) Exposure Draft of N.A.I.C. Reserve Standards for Individual and Group Health Insurance Contracts.Google Scholar
(2) ASSOCIATION OF BRITISH INSURERS (1986) Statement of Recommended Practice on Accounting for Insurance Business.Google Scholar
(3) Barnhart, E. P. (1985) A New Approach to Premium, Policy, and Claim Reserves for Health Insurance, T.S.A. XXXVII, 13.Google Scholar
(4) Bartleson, E. L. (1968) Health Insurance, published by the Society of Actuaries.Google Scholar
(5) Benjamin, B. (1977) General Insurance. Heinemann.Google Scholar
(6) Benjamin, S. (1976) Profit and Other Financial Concepts in Insurance, J.I.A. 103, 233.Google Scholar
(7) Burrows, R. P. & Whitehead, G. H. (1987) The Determination of Life Office Appraisal Values, J.I.A., 114, 411.Google Scholar
(8) Daykin, C. D., Bernstein, G. D., Coutts, S. M., Devitt, E. R. F., Hey, G. B., Reynolds, D. I. W. & Smith, P. D. (1987) Assessing the Financial Strength of a General Insurance Company, J.I.A. 114, 227.Google Scholar
(9) Bluhm, W. F. (1982) Cumulative Anti-selection Theory, T.S.A. XXXIV, 215.Google Scholar
(10) General Household Survey 1983. HMSO.Google Scholar
(11) Grant, C. (1985) Private Health Care in the UK: A Review, Special Report No. 207 from the Economist Intelligence Unit.Google Scholar
(12) Hospital In-Patient Enquiry for 1984, DHSS Series MB4 Nos. 24 and 25. HMSO.Google Scholar
(13) Howe, R. W. A. & Douglas, R. W. (1984) Developments in Life Reinsurance, presented to the Institute of Actuaries Students' Society in November 1984.Google Scholar
Koppel, S., O'Grady, F. T., See, G. N. & Shapland, R. B. (1985) Reserve Principles for Individual Health Insurance, T.S.A. XXXVII, 201.Google Scholar
Laing, W. (1985) Private Health Care, 1985, Office of Health Economics.Google Scholar
Lee, R. E. (1984) A Prophet of Profits, J.S.S. 28, 1.Google Scholar
May, W. P. & Newbury, K. J. (1986) The Effects of Solvency Margins on U.K. Life Companies, presented to the Institute of Actuaries Students' Society in March 1986.Google Scholar
North, M. R. T. & Savill, P. J. (1985) Rider Benefits and Options on Life Assurance Contracts, presented to the Institute of Actuaries Students' Society in April 1985.Google Scholar
Orros, G. C. (1985) Group Medical Expenses in the United Kingdom, Benefits & Compensation International, May 1985.Google Scholar
Smart, I. C. (1977) Pricing and Profitability in a Life Office, J.I.A. 104, 125.Google Scholar
Zigler, M. J. (1985) Post-Retirement Health Care Benefits, Tillinghast Health Care Monographs. Tillinghast, Nelson & Warren Inc, in the U.S.A.Google Scholar