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The Risks of Pricing New Insurance Products: The Case of Long-Term Care

Author

Listed:
  • Zain Mohey-Deen
  • Richard J. Rosen

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

Suggested Citation

  • Zain Mohey-Deen & Richard J. Rosen, 2018. "The Risks of Pricing New Insurance Products: The Case of Long-Term Care," Chicago Fed Letter, Federal Reserve Bank of Chicago.
    • Handle: RePEc:fip:fedhle:00086
    DOI: 10.21033/cfl-2018-397
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    Cited by:

    1. Alejandro Drexler & Richard Rosen, 2022. "Exposure to catastrophe risk and use of reinsurance: an empirical evaluation for the U.S," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 47(1), pages 103-124, January.

    More about this item

    Keywords

    Insurance; long-term care;

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