Actuarial Creativity Required for Healthcare Provider Captives
Aaron Hillebrandt

Actuarial Creativity Required for Healthcare Provider Captives

Inside Medical Liability Feature Article

Aaron Hillebrandt September 17, 2015 Posted in: Blog Posts, Captives, Health Care / MPL
Reading an actuarial report typically brings a few adjectives to mind, but “creative” isn’t a common one. However, actuarial creativity is exactly what is needed when developing captive insurance companies (captives) for healthcare providers.

The growth in new coverages found in these captives must be accompanied by innovative actuarial solutions, so that the actuarial findings are reasonable, justifiable to auditors and regulators, and in compliance with actuarial professional standards of practice.

What these new coverages have in common is that there is typically little or no historical claim data for deriving a funding estimate. This situation is not your run-of-the-mill actuarial exercise, so what’s an actuary to do?

Click the following link to read Aaron’s full article, which is reprinted from the Third Quarter 2015 issue of Inside Medical Liability magazine, PIAA. Copyright, 2015.

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