Industry Articles
June 14, 2018
I Don’t Have to Worry About PBR for Health Insurance, Right
Authored by: Patricia Matson and Leslie Jones Published in: SOA, The Financial Reporter, June 2018 Well, we hate to say it, but that is not correct. While it may be true that, in general, the current post- PBR standards are similar to the pre-PBR standards at the moment, the truth clarify is the is that...
December 30, 2017
Is “Everyone” in Your Family Insured?
Authored by: Parker Stevens Published in: IRES: The Regulator, Winter 2017 Is everyone in your family insured? I’m not talking about your spouse or your children, I’m talking about your pets. As a pet owner of two dogs, a cat and a horse, I often feel like I’m always at the vet’s office for something....
June 11, 2017
Long Term Care Insurance – A Long Term Problem
Authored by: Wayne Johnson, Tricia Matson, Jan Moenck, and Andy Rarus Published in: The Insurance Receiver, Summer 2017 The average life expectancy in the United States in 1970 was 70.8 years, just over a one year increase from the average life expectancy in 1960 (1). It is against that backdrop that Long-Term Care Insurance (LTCI)...
August 18, 2016
Big Data and the Insurance Industry
Authored by: Darin Benck and Michael Descy Published in: SOFE: The Examiner, Fall 2016 What is Big Data? Big data is an evolving term that can be simply defined as data that is too large and/or too complex to analyze with traditional data processing technologies. Technology industry analyst Doug Laney introduced the concept of the...
June 15, 2016
Projections and Stress Testing: Key Tools for Analysts and Examiners
Authored by: John Humphries and Dave Heppen Published in: SOFE: The Examiner, Summer 2016 Financial projections and stress testing are key tools for regulators to measure the impact of adverse events and possible future scenarios. While stress and scenario testing are not new to regulators and risk management professionals, the use of projections and stress...
April 30, 2016
Catastrophe Bonds
Authored by: Darin Benck Published in: SOFE: The Examiner Spring 2016 A Catastrophe Bond (aka cat bond) is an Insurance-Linked Security (ILS) developed by the Property & Casualty (P&C) insurance industry during the 1990s in the aftermath of Hurricane Andrew in Florida and the Northridge earthquake in California. These financial instruments were seen as a...
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