Gedanken zum Konjunkturrisiko in der Berufsunfähigkeits-Versicherung

Summary

Experience in the past, especially in the early thirties has shown substantial increases of disablement ratios during periods of economic crises. This effect is produced mainly by people who have been medically disabled long time ago and in addition by people with relatively minor medical problems who would not consider themselves disabled in good times, but who in both instances are induced to claim insurance benefits only in consequence of the crisis. In order to avoid deficits in the operations of disability insurance, adequate funds must be reserved ahead of time. The author outlines a logical theoretical method to measure such reserves and proposes practical ways to build them up from the profits in periods of lower disablement ratios.