# Health and Long Term Care Insurance

## Objectives

Learn how to identify the actuarial products related to risk of accident, illness, disability and continued care. Know how to calculate premiums and reserves for each product, according to the specificities of the risk involved.

## General characterization

12463

6.0

##### Responsible teacher

Gracinda Rita Diogo Guerreiro

Weekly - 3

Total - 56

Inglês

### Prerequisites

Students should have knowledge on Life Contingencies and Markov Processes.

### Bibliography

E. Pitacco (2014) Health Insurance. Basic actuarial models. EAA Series. Springer.

S. Haberman and E. Pitacco (1999)  Actuarial Models for Disability Insurance. Chapman & Hall / CRC

E. Pitacco (2016)  Premiums for long-term care insurance packages: Sensitivity with respect to biometric assumptions. Risks, 4(1).

### Teaching method

In lectures we will explain and discuss program topics of the course. The themes are introduced by the teacher, consolidated with real examples taken from the insurance industry following a brief discussion. The lectures include the resolution of real life examples in a computational environment.

### Evaluation method

Frequency

To obtain Frequency to the Curricular Unit (CU) the student must perform a Presentation of Practical Assignment.

CONTINUOUS EVALUATION / NORMAL SEASON

The continuous assessment will be made through two tests (T1 and T2) and one group assignment (PA).

Grade Normal Season = 0.4 T1 + 0.25 T2 + 0.35 PA

The student who obtains a final grade greater than or equal to 18.5 must take an oral discussion (on a date to be agreed). If the student does not attend the oral exam, the final grade will be 18 points.

The student obtains approval to CU if Grade Normal Season is greater than or equal to 9.5 values.

EVALUATION OF APPEAL SEASON

The evaluation of Appeal Season is made by Exam (E), being valid both for grade improvement and for approval to UC.

Grade Appeal Season = 0.5 6E + 0.35 TP

The student obtains approval to the CU if the Grade of Appeal Season is greater than or equal to 9.5 values.

The student who obtains a final grade greater than or equal to 18.5 must take an oral discussion  (on a date to be agreed). If the student does not attend the oral exam, the final grade will be 18 points.

Students who intend to take the appeal exam, with a view to improving their grades, must, in advance, request this improvement from academic services.

Practical assignment cannot be improved.

## Subject matter

Introduction to Health Insurance

Multiple state Models

Actuarial Models for Sickness Insurance

Actuarial Models for Disability Insurance

Actuarial Models for Long Term Care

## Programs

Programs where the course is taught: