Insight
Parametric insurance: A captivating solution
Parametric policies, which pay based on the magnitude of an event, can bridge coverage gaps that are difficult to insure with a traditional indemnity policy.
The Society of Actuaries Research Institute retained Milliman, Inc. to conduct a survey on the impact of COVID-19 on long-term care insurance mortality, voluntary lapse, and morbidity experience. The results of this survey, which was conducted from August 2021 through September 2021, are presented in this report.
This report was originally published by the Society of Actuaries.
Insight
Parametric policies, which pay based on the magnitude of an event, can bridge coverage gaps that are difficult to insure with a traditional indemnity policy.
COVID-19 impact on long-term care insurance report: 2021 survey
The Society of Actuaries Research Institute retained Milliman, Inc. (Milliman) to conduct a survey on the impact of COVID-19 on long-term care (LTC) insurance mortality, voluntary lapse, and morbidity experience.