This eBook provides approaches to multi-state and multi-decrement
modelling of health insurance contracts followed by estimation of premiums
based on the equivalence principle. Sickness insurance is analysed via the
collective risk model. We describe conventional health insurance products
(e.g., critical illness and income protection), life cycle of a health
insurance claim, stop loss insurance, deductibles and policy limits, forms of anti-selection
and moral hazard.
About the authorsDrs. Dick Harryvan has a graduate degree in business economics. He is an entrepreneurial executive with extensive experience in setting up life and direct retail banking green-fields including ING Direct the world’s largest direct bank which grew to 24 million customers. Being pragmatic, customer centric, focused and keeping things simple are keys to success and are reflected in this Art of Insurance series.
Dr. Abdul Rahman holds graduate degrees in mathematics and financial economics and won the best teacher award by MBA students for 12 consecutive years at the Telfer School of Management. He has published in prestigious academic journals, held university positions as Full Professor and Associate Dean and consulted for global financial institutions in banking, insurance and asset management .