Categories
- ACTUARIAL DATA SCIENCE
- AFIR / ERM / RISK
- ASTIN / NON-LIFE
- BANKING / FINANCE
- DIVERSITY & INCLUSION
- EDUCATION
- HEALTH
- IACA / CONSULTING
- LIFE
- PENSIONS
- PROFESSIONALISM
- Thought Leadership
- MISC
In Asia, critical illness products rapidly gained popularity, and the product design has evolved over time to match medical technological advancement, which positively impacts life expectancy through earlier diagnosis. However, this may potentially negatively impact the insurance industry through distribution of claims more weighted towards earlier claims as well as survival through multiple claims.
In this session, the audience can have a better understanding of the following topics, and the potential implications for insurance product design and pricing:
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