Hostname: page-component-586b7cd67f-dsjbd Total loading time: 0 Render date: 2024-11-27T19:42:13.373Z Has data issue: false hasContentIssue false

Some theoretical aspects of permanent sickness insurance

Published online by Cambridge University Press:  11 August 2014

Knut Medin*
Affiliation:
University of Uppsala
Get access

Extract

This paper deals with some technical and statistical questions in sickness benefit insurance.

In § 1 there is a survey of the various theoretical approaches to the calculation of net premiums, and the calculation of gross premiums is discussed in §2.

Some methods of calculating rates employ two basic functions: the frequencies of new cases of sickness and the duration of sickness. The derivation of these functions from the corresponding statistical data is exemplified in § 3, which contains some results from an account of the experience of a Swedish sickness insurance company. Finally, § 4 deals with some mathematical formulae for graduating data of this type.

Type
Research Article
Copyright
Copyright © Institute of Actuaries Students' Society 1952

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

REFERENCES

Dick, W. (1947). Die Entkrankungsfläche. Biel.Google Scholar
Hamza, E. (1900). Note sur la thébrie mathématique de l'assurance contre le risque d'invalidité, d'origine morbide, sénile ou accidentelle. Proc. Third Int. Congr. Actuaries, Paris, pp. 154203.Google Scholar
Hunter, A. & Phillips, J. T. (1932). Disability Benefits in Life Insurance Policies. New York.Google Scholar
Kinkelin, H. (1887). Die gegenseitigen Hilfsgesellschaften der Schweiz 1880. Bern.Google Scholar
Lundberg, F. (1930). Technik der Krankenversicherung. Einleitende Übersicht. Proc. Ninth Int. Congr. Actuaries, Stockholm, 4, 184–93.Google Scholar
Lundberg, F. (1932). Om Sjukförsäkring. Svenska Försäkringsföreningens publikationsserie nr. 7, 108–54. Stockholm.Google Scholar
Lundberg, O. (1940 a). On Random Processes and their Application to Sickness and Accident Statistics. Uppsala.Google Scholar
Lundberg, O. (1940 b). On the importance of regrading risk premiums in voluntary sickness and accident insurance. A theoretical basis for regrading. Proc. Twelfth Int. Congr. Actuaries, Luzern, 2, 543–60.Google Scholar
Mattsson, P. (1930). Technical methods of insurance against sickness disability. Proc. Ninth Int. Congr. Actuaries, Stockholm, 3, 167–97.Google Scholar
Medin, K. (1951 a). A function for smoothing tables of the duration of sickness. Skand. Aktuar. Tidskr. 34, 4552.Google Scholar
Medin, K. (1951 b). The sickness experience of the Valkyrian Insurance Company, 1929–48. Skand. Aktuar. Tidskr. 34, 176–96.Google Scholar
Moser, Ch. (1900). Communication touchant une Table de morbidité. Proc. Third Int. Congr. Actuaries, Paris, pp. 662–64.Google Scholar
Pensionsförsäkringskommittén (1932). Statistiska undersökningar samt kostnadsberäkningar m.m. Del II. Statens offentliga utredningar, 1932, 36. Stockholm.Google Scholar
Phillips, J. T. (1930). Technical methods in disability insurance. Proc. Ninth Int. Congr. Actuaries, Stockholm, 3, 112–33.Google Scholar
Renfer, H. (1912). Beiträge zur Krankenversicherung. St Gallen.Google Scholar
Socialvårdskommittén (1944). Betänkande, VIII. Kostnadsberäkningar angående Lag om allmän sjukförsäkring. Statens offentliga utredningar 1944, 16. Stockholm.Google Scholar
Stoltz, G. (1930). Some actuarial aspects regarding sickness insurance. Proc. Ninth Int. Congr. Actuaries, Stockholm, 3, 198214.Google Scholar
Watson, A. W. (1903). Account of an Investigation of the Sickness and Mortality Experience of the I.O.O.F. Manchester Unity, 1893–97. Edinburgh.Google Scholar
Zwinggi, E. (1948). Initiation of a formula for approximate valuation of premiums for disability benefits. Skand. Aktuar. Tidskr. 31, 165–70.Google Scholar