# Health Insurance

## Basic Actuarial Models

Textbook

Part of the EAA Series book series (EAAS)

1. Front Matter
Pages i-xii
2. Ermanno Pitacco
Pages 1-10
3. Ermanno Pitacco
Pages 11-27
4. Ermanno Pitacco
Pages 29-62
5. Ermanno Pitacco
Pages 63-68
6. Ermanno Pitacco
Pages 69-94
7. Ermanno Pitacco
Pages 95-148
8. Back Matter
Pages 149-162

### Introduction

Health Insurance aims at filling a gap in actuarial literature, attempting to solve the frequent misunderstanding in regards to both the purpose and the contents of health insurance products (and ‘protection products’, more generally) on the one hand, and the relevant actuarial structures on the other.

In order to cover the basic principles regarding health insurance techniques, the first few chapters in this book are mainly devoted to the need for health insurance and a description of insurance products in this area (sickness insurance, accident insurance, critical illness covers, income protection, long-term care insurance, health-related benefits as riders to life insurance policies). An introduction to general actuarial and risk-management issues follows.

Basic actuarial models are presented for sickness insurance and income protection (i.e. disability annuities). Several numerical examples help the reader understand the main features of pricing and reserving in the health insurance area. A short introduction to actuarial models for long-term care insurance products is also provided.

Advanced undergraduate and graduate students in actuarial sciences; graduate students in economics, business and finance; and professionals and technicians operating in insurance and pension areas will find this book of benefit.

### Keywords

Actuarial Models Income Protection Long-term Care Premium Calculations Reserve Calculations Sickness Insurance

#### Authors and affiliations

1. 1.University of TriesteTriesteItaly

Ermanno Pitacco is full professor of Actuarial mathematics and Life insurance technique, in the University of Trieste, and academic director of the Master in Insurance and Risk Management at the MIB School of Management of Trieste.

He has been visiting professor in various universities (recently: University of New South Wales, Sydney; University of Louvain-La-Neuve; University of Liubljana).

Main fields of scientific interest are life and health insurance mathematics and techniques, pension mathematics, longevity risk, portfolio valuations.

He is author or coauthor of textbooks and papers in the fields of scientific interest. His papers have been published, among the others, on: Insurance Mathematics & Economics, ASTIN Bulletin, Journal of Pension Economics and Finance, Belgian Actuarial Bulletin, Journal of Actuarial Practice, Applied stochastic models in business and industry, AStA Advances in Statistical Analysis, Giornale dell’Istituto Italiano degli Attuari.

### Bibliographic information

• Book Title Health Insurance
• Book Subtitle Basic Actuarial Models
• Authors Ermanno Pitacco
• Series Title EAA Series
• Series Abbreviated Title EAA Series (formerly EAA Lecture Notes)
• DOI https://doi.org/10.1007/978-3-319-12235-9
• Copyright Information Springer International Publishing Switzerland 2014
• Publisher Name Springer, Cham
• eBook Packages Mathematics and Statistics Mathematics and Statistics (R0)
• Softcover ISBN 978-3-319-12234-2
• eBook ISBN 978-3-319-12235-9
• Series ISSN 1869-6929
• Series E-ISSN 1869-6937
• Edition Number 1
• Number of Pages XII, 162
• Number of Illustrations 63 b/w illustrations, 14 illustrations in colour
• Topics
• Buy this book on publisher's site
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