Newsletter
The Risks of Pricing New Insurance Products: The Case of Long-Term Care
Abstract: This article examines what happens when incorrect assumptions are made in pricing new insurance products. The focus is on the mispricing of long-term care (LTC) insurance?which led to the insolvency of Penn Treaty.1
Keywords: Insurance; long-term care;
https://doi.org/10.21033/cfl-2018-397
Access Documents
File(s):
File format is application/pdf
https://www.chicagofed.org/~/media/publications/chicago-fed-letter/2018/cfl397-pdf.pdf
Description: Full text
Authors
Bibliographic Information
Provider: Federal Reserve Bank of Chicago
Part of Series: Chicago Fed Letter
Publication Date: 2018
Order Number: 397