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Article contents
Some theoretical aspects of permanent sickness insurance
Published online by Cambridge University Press: 11 August 2014
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.
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- Research Article
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- Copyright © Institute of Actuaries Students' Society 1952