Join Chair Scott Reid, Zurich, to hear about latest hot topics in the Health and Care sector.
- Adele Groyer and Ross Campbell: Digital technology and disability claims
- Gordon Woo: Age-dependence of 1918 pandemic mortality
- Tim Eppert: Long Term Care Reform in Germany - At long last
Digital technology and disability claims
"By using digital means, insurers can create scalable, automated, speedy ways of supporting people when they need help the most."
Healthcare is being transformed by advances in artificial intelligence, virtual reality, machine learning, sensors and other innovative technologies. Practically everybody has a smartphone, making it easier than ever to gather data and consent to third-party access. Unique data insights mean providers can offer people products and services tailored to them individually.
For insurers, digital technology offers new ways to manage risk that relies less on face-to-face and traditional clinical assessment; this is why there is so much interest in understanding how innovation might work.
In this paper the authors will set out examples of digital technologies emerging in the healthcare space, report on the initial statistics around their impact on health outcomes and discuss how these technologies may be used to manage disability insurance claims, along with their limitations.
Summary: Age-dependence of 1918 pandemic mortality
'Your first flu affects your vulnerability forever' Gordon Wood, RMS
Recent virological research has shown that the first flu that a person has affects their vulnerability throughout life. There are two groups of flu virus. If someone is exposed to one group early in life, then they may be especially vulnerable to a strain of flu from the other group later on. To illustrate this, consider the 1918 pandemic. The peak age of mortality was 28. Subtracting 28 from 1918 yields 1890, which was the date of the previous pandemic. This strain (H3N8) was in the other group from 1918 (H1N1).
The significance of this new understanding of pandemic vulnerability for actuaries is that date-of-birth matters, not just the age of an insured.
Long Term Care Reform in Germany - At long last
"Help to establish the best care system possible - you may need it some day"
More than 20 years after its introduction, the German compulsory long term care (LTC) scheme underwent massive reforms. In 2017 a completely new benefit trigger became effective. This strongly changes who is considered to be in need of care and what benefits this person can expect. The reform also has a major impact for private LTC insurance in Germany, whether they follow the public definition or not. This does not only apply to policies after the reform, but already influenced product design years before the actual implementation.
This case study is interesting for the UK as well as it does not only provide a possible definition of long term care, but also takes a look at the effects and challenges of major social reforms for both the public and the private insurance sector.
Contact Events Team for more information.
0207 632 1498
|17.30-17.35||Chairs welcome: Scott Reid, Zurich|
|17.35-17.55||Adele Groyer and Ross Campbell: Digital technology and disability claims|
|18.10-18.30||Gordon Woo: Age-dependence of 1918 pandemic mortality|
|18.45-19.05||Tim Eppert: Long Term Care Reform in Germany - At Long Last|
|19.20-19.30||Chair summarises discussion and evening, and closes the night|
The paper can be downloaded here
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